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Question
Jumpdisk Company writes checks averaging $15,000 a day, and it takes 5 days for these checks to clear. The firm also receives checks in the amount of $17,000 per day, but the firm loses three days while its receipts are being deposited and cleared. What is the firm's net float in dollars?
a. $126,000
b. $75,000
c. $32,000
d. $24,000
e. $16,000
Answer
This answer is hidden. It contains 137 characters.
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