Your Firm Generally Receives 4 Checks a Month

question 50

Multiple Choice

Your firm generally receives 4 checks a month.The check amounts and the collection delay for each check is shown below.Given this information what is the amount of the average daily float? Assume a 30 day month.

• A)$1,120
• B)$2,333
• C)$2,640
• D)$2,900
• E)$3,416

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Definitions:

Acceptable Space

A term that might refer to an area or environment that meets certain criteria or standards deemed satisfactory or permissible.

Adaptive Coping Skill

Strategies and techniques that individuals develop and use to effectively deal with stress, challenges, or hardships.

Nonadaptive Coping Skill

Inadequate or maladaptive methods used by individuals to handle stress, which do not effectively resolve the stressor and can worsen well-being.

Adaptive Coping Skill

Behaviors and strategies that help individuals manage the demands of stress in a healthy and productive way.