Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. your firm receives 10 checks per month. .24 of the

Your firm receives 10 checks per month. .24 Of these, 6 are for $1,000 and...

70.2K

Verified Solution

Question

Finance

image

Your firm receives 10 checks per month. .24 Of these, 6 are for $1,000 and 4 are for $500. The delay for the $1,000 checks is 5 days, and the $500 checks are delayed .6 days. Calculate the average daily float (2 ) $1,533.33 O $1,486.87 O $1,400.00 O $1,530.35 0

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

sume that a procedure yields a binomial distribution with nequals4 trials and a probability of success...

Statistics
Q

Who wrote the Aeneid and what was the general historical context for this literary work? Summarize...

Psychology
Q

Variation necessary for natural selection comes in part from Select one a differential survival O...

Biology
Q

An ideal DC source of emf E is connected with an uncharged capacitor and inductor...

Physics
Q

Use Euler s Formula to find the number of faces in a polyhedron with 12...

Geometry
Q

6 5 4 6 All solutions require proper format as modelled in class Communication marks...

Geometry
Q

3 10 points eBook Print You're trying to save to buy a new $192,000...

Accounting
Q

AUX Paste & Calibri (Body) BIU 14 AA == a. A l . Marge &...

Accounting
Q

urgent help Requirements until Docember 31, 2069 Now pounative Chers...

Accounting
Q

Case 8-2: Joker & Wild LLC Are the auditor's guilty of malpractice? Explain. What defenses...

Accounting
Q

Beginning inventory, purchases, and sales for Product XCX are as follows: Sep. 1...

Accounting
Q

Selling, general, and administrative expenses were $169,400; net sales were $770,000; interest expense was $18,500;...

Accounting