Average Daily Float Can Be Calculated As

question 7

Multiple Choice

Average daily float can be calculated as:

• A)Average daily receipts/Weighted average delay.
• B)Annual sales/365.
• C)Total receipts/Total days.
• D)Total float × Total days.
• E)Average daily receipts × Weighted average delay.

---

Definitions:

Demand Schedule

A diagram indicating the volume of goods or services that consumers can and will buy at assorted prices.

Marginal Cost

The investment needed to make an extra unit of a good or service.

Average Cost

A measure of the total cost of production divided by the number of units produced, used to calculate the cost per unit.

Industry Demand

The total demand for the products or services provided by a specific industry, represented as the sum of individual demands within a market.