Each Business Day, on Average, a Company Writes Checks Totalling

question 47

Multiple Choice

Each business day, on average, a company writes checks totalling $41,627 to pay its suppliers. The usual clearing time for these checks is 3.2 days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totalling $59,948. The cash from the payments is available after 1.5 days. What is the amount of the average net float?

• A) $57,772
• B) $43,284
• C) $42,318
• D) $57,366
• E) $49,507

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Definitions:

Adaptive Values

The degree to which a trait enhances the survival and reproductive success of an organism in its environment.

Unmarried Woman

A female who has not entered into the legal or cultural institution of marriage.

Good Looks

A subjective evaluation of an organism's physical appearance, often influencing mate selection and social interaction.

Adaptive Values

The contribution of a trait or behavior to the reproductive success and survival of an organism in its specific environment.