Top Posters
Since Sunday
e
5
e
4
4
d
4
o
3
p
3
t
3
3
m
3
p
3
m
3
f
3
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
wilcoxj49 wilcoxj49
wrote...
Go to Answer
Posts: 119
Rep: 0 0
8 months 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:
Read 50 times
1 Reply
Replies
Answer verified by a subject expert
strawberry8971strawberry8971
wrote...
#1
Posts: 129
Rep: 0 0
8 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

wilcoxj49 Author
wrote...

8 months ago
Brilliant ツ
deathDoUsPart
wrote...

Yesterday
Smart ... Thanks!
Transonic
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  985 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1534
  
 216
  
 834
Your Opinion
What's your favorite math subject?
Votes: 293
Previous poll results: Which of the following is the best resource to supplement your studies: