Suppose a hospital writes a check of 1000000 per day and, Ask an Expert

Finance

Suppose a hospital writes a check of $ 1000,000 per day and it takes, on average, 7 days for those to be received and clear the banking system. Furthermore, the hospital receives $ 120,000 in checks daily that take 4 days to be deposited and credited. What is the hospital's float?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92745882

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