On an Average Day, Cory, Inc

question 352

Multiple Choice

On an average day, Cory, Inc. writes 30 checks with an average amount of $215. These checks clear the bank in an average of 3 days. What is the average amount of the disbursement float for
Cory, Inc.?

• A) $645
• B) $5,805
• C) $6,450
• D) $19,350
• E) $29,025

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Definitions:

Infrared Portion

A section of the electromagnetic spectrum with wavelengths longer than those of visible light but shorter than those of microwaves.

Outer Planets

The planets in the solar system that are located beyond the asteroid belt, including Jupiter, Saturn, Uranus, and Neptune.

Gas Rich

Refers to a substance or environment containing high amounts of gas, commonly used in geological contexts to describe volcanic rocks or magma that contain a substantial volume of dissolved gases.

Solar System Formation

The process by which the Sun and the planets, moons, asteroids, and comets of our solar system formed from a nebulous cloud of interstellar gas and dust.