14. On an average day, the firm receives $7,218 in checks from customers. These checks clear...

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14. On an average day, the firm receives $7,218 in checks from customers. These checks clear the bank in an average of 1.6 da

business finance

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Answer 1

Answer #1

D) $11,549

Present value of eliminating the float = $7,218 * 1.6 = $11,549

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Answer 2

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14. On an average day, the firm receives $7,218 in checks from customers. These checks clear...

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The firm receives an average of $20,000 in checks per day. The weighted average delay in...

The firm receives an average of $20,000 in checks per day. The weighted average delay in...

The firm receives an average of $20,000 in checks per day. The weighted average delay in...

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Marston Corp. writes 47 checks a day for an average amount of $474 each. These checks...

14. On an average day, the firm receives $7,218 in checks from customers. These checks clear...

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Add Answer to: 14. On an average day, the firm receives $7,218 in checks from customers. These checks clear...

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