What is the average daily float

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Reference no: EM131355000

In a typical month, the Murray Corporation receives 70 checks totaling $136,000. These are delayed five days on average. What is the average daily float? Assume 30 days in a month.

Reference no: EM131355000

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What is the average daily float : In a typical month, the Murray Corporation receives 70 checks totaling $136,000. These are delayed five days on average. What is the average daily float? Assume 30 days in a month.

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