Your company, in a typical 30-day month, received 100 checks that total $90,000. - 11493

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  • Posted on: Sun 24 Jun, 2012
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Your company, in a typical 30-day month, received 100 checks that total $90,000. These are delayed 6 days on average. What is the average daily float? 

a.1 $18,000 

b.0 $5,400

c.0 $1,800

d.0 $15,000