Business
Business, 22.12.2020 03:40, Kalle91106

On average, the firm receives 138 payments each day with an average value of $42 each. These payments clear the bank in an average of 1.3 days. In addition, it disburses 2.2 checks a day with an average amount of $2,250. These checks clear the bank in two days. What is the average amount of the collection float?A) $18,473.B) $3,401.C) $7,535.D) $41,965.E) $49,500.

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On average, the firm receives 138 payments each day with an average value of $42 each. These payment...

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