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Checks are delayed three days on average

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A mail-order firm processes 4,300 checks per month. Of these, 60 percent are for $33 and 40 percent are for $65. The $33 checks are delayed two days on average; the $65 checks are delayed three days on average. Assume 30 days in a month,what is the average daily collection float?

Reference no: EM131676311

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