The Blue Star Generally Receives Only 3 Checks a Month

question 41

Multiple Choice

The Blue Star generally receives only 3 checks a month. The check amounts and the collection delay for each check are shown below. Given this information, what is the amount of the average daily float? Assume every month has 30 days.

• A)$971.43
• B)$1,456.67
• C)$3,351.33
• D)$5,666.67
• E)$6,800.00

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Definitions:

Ideas

Mental concepts or thoughts that can lead to creativity or planning.

Transactive Memory

A psychological concept that explains how groups collectively store, encode, and retrieve knowledge more efficiently than individuals.

Groupthink

A phenomenon where decisions are made or solutions are agreed upon by a group, prioritizing unanimity and cohesion over critical evaluation of alternatives.

Brainstorming

A form of creative thinking in groups, using a procedure in which all group members are encouraged to generate as many ideas as possible while interacting and stimulating each other