Hoyes Lumber generally receives three checks per month. A check for $11,280 clears in 4 days, a check for $6,525 clears

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answerhappygod
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Hoyes Lumber generally receives three checks per month. A check for $11,280 clears in 4 days, a check for $6,525 clears

Post by answerhappygod »

Hoyes Lumber generally receives three checks per month. A check
for $11,280 clears in 4 days, a check for $6,525 clears in 3 days,
and a check for $7,750 clears in 3 days. Assuming 30 days in each
month, what is the average daily float?
a) -851.83
b)-$2773.00
c)-$283.94.
d)-$2558.00.
e)-$2931.50
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