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Purple feet wine inc receives an average of 16000 in

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Purple Feet Wine, Inc., receives an average of $16,000 in checks per day. The delay in clearing is typically three days. The current interest rate is .018 percent per day. what is the company's float?

Reference no: EM13588831

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Purple feet wine inc receives an average of 16000 in : purple feet wine inc. receives an average of 16000 in checks per day. the delay in clearing is typically three days.
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