Your Firm Generally Receives 3 Cheques a Month

question 116

Multiple Choice

Your firm generally receives 3 cheques a month. The cheque amounts and the collection delay for each cheque are shown below. Given this information, what is the amount of the average daily float? Assume that a month has 30 days.

• A) $705.56
• B) $934.00
• C) $3,113.33
• D) $7,783.33
• E) $8,466.67

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Real College Football Champion

The title or recognition awarded to the highest achieving college football team in a given season, often determined by playoffs or bowl games.