Hoyes Lumber generally receives three checks per month. A check for $11,280 clears in 4 days, a check for $6,525 clears
Posted: Sat Nov 27, 2021 5:36 pm
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
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