Shamba Corporation Writes Cheques That Average $90,000 and Take on Average

question 85

Multiple Choice

Shamba Corporation writes cheques that average $90,000 and take on average 5 days to clear.Cheques are received with an average value of $45,000 and take 9 days to clear.Determine the net float.

• A)$45,000
• B)$60,000
• C)$855,000
• D)$135,000

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