What is the average daily float

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Reference no: EM13290449

In a typical month, the Tanner Corporation receives 100 checks totaling $84,000. These are delayed five days on average. Assume 30 days in a month.

Required:
What is the average daily float? (Do not include the dollar sign ($).)

Reference no: EM13290449

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What is the average daily float : In a typical month, the Tanner Corporation receives 100 checks totaling $84,000. These are delayed five days on average. Assume 30 days in a month.

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