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wilcoxj49 wilcoxj49
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A year ago
Wintoki Company writes cheques averaging $15,000 a day, and it takes 5 days for these cheques to clear. The firm also receives cheques in the amount of $17,000 per day, and it takes 3 days for these cheques to be deposited and cleared. What is the firm’s net float, in dollars?


$20,577



$21,660



$22,800



$24,000

Textbook 
 Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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strawberry8971strawberry8971
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A year ago
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wilcoxj49 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Yesterday
Thanks for your help!!
wrote...

2 hours ago
Smart ... Thanks!
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