Hoyes Lumber Generally Receives 3 Checks a Month

question 57

Multiple Choice

Hoyes Lumber generally receives 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 each month has 30 days.

• A)$1,386.67
• B)$1,407.19
• C)$4,750.00
• D)$6,833.33
• E)$6,933.33

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Definitions:

Bit Level Instructions

Operations that manipulate individual bits within a byte or word in computer programming or digital logic.

Addresses

In computing, addresses refer to specific locations in memory or storage where data is stored, allowing for precise access and manipulation of data by the system or the users.

CLX

Often relates to ControlLogix, a range of programmable logic controllers (PLCs) and systems designed by Rockwell Automation for industrial automation.