What is the average daily float


Question:

Your company, in a typical 30-day month, received 100 checks that total $90,000. These are delayed six days on average. What is the average daily float?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the average daily float
Reference No:- TGS02076137

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)