Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. is it correct hoyes lumber generally receives

is it correct Hoyes Lumber generally receives 3 checks a month....

80.2K

Verified Solution

Question

Accounting

is it correct
image
Hoyes Lumber generally receives 3 checks a month. The check amounts and the collection delay for each check are shown below. Given this information, what is the amount of the average daily float? Assume each month has 30 days. Item Number Item Amount Delay 6.100 3 days 2 5,500 1 day 3 8.900 2 days 1 Select one a $6.833.33 b. $1.407.19 $1386 67 d $4.750.00 e $6.933 33

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

9 What are the roots of f x 16 A 2 2 21 2i B...

Calculus
Q

. You have extracted extrachromosomal DNA and genomic DNA from E. coli in the lab. What...

Biology
Q

I want to design a project for fun, since I am planning to take electromagnetics next...

Electrical Engineering
Q

Use MATLAB DSOLVE to solve the folloing ODE and plot it: 300x'' + 60x' + 6840...

Mechanical Engineering
Q

An estimated people are without access to a clean water supply 1 Point O 100...

Biology
Q

If a cell was observed under the microscope and found to have a rigid cell...

Biology
Q

came from the Roman end of the Silk Road A Spices B Precious metals C...

Biology
Q

A bag contains 2 gold marbles 8 silver marbles and 21 black marbles Someone offers...

Basic Math
Q

13 Min has 590 000 in an annuity that pays 4 4 per year compounded...

Algebra
Q

Rent on manufacturing facility Office manager's salary Wages of factory machine operators Depreciation on manufacturing...

Accounting
Q

A company makes 70,000 units. Variable production costs are $875,000& fixed MOH costs are $455,000....

Accounting
Q

plz answer fast and quickly ...

Accounting