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What the firm net float is

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Problem 1: Jumpdisk Co. writes checks averaging P15,000 a day, and it takes five days for these checks to clear. The firm also receives checks in the amount of P17,000 per day, but the firm loses three days while its receipts are being deposited and cleared. The firm's net float is?

Option 1: P75,000
Option 2: P126,000
Option 3: P16,000
Option 4: P24,000
Option 5: P32,000

Reference no: EM132899832

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