On a typical day abcd corporation writes 8000 in checks it, Finance Basics

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On a typical day abcd corporation writes 8000 in checks it

On a typical day, ABCD corporation writes 8,000 in checks. It generally takes 3 days for those checks to clear. Each day the firm typically receives $13,000 in checks that take 4 days to clear. What is the firm's average net float? (Please show work)

A- 5,000
B- 21,000
C- 28,000
D- -28,000
E- -5,000

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Finance Basics: On a typical day abcd corporation writes 8000 in checks it

Reference No:- TGS0628395

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Finance Basics: On a typical day abcd corporation writes 8000 in checks it

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