KN Florals Receives the Same Checks Each Month

question 20

Multiple Choice

KN Florals receives the same checks each month.Of these monthly checks,48 are for $82.60 each,15 are for $71.50 each,and 9 are for $40.70 each.The delay for the $82.60 checks is 1.8 days,for the $71.50 checks 1.1 days,and for the $40.70 checks 1.3 days.Calculate the average daily float.Assume a 30-day month.

• A)$293.09
• B)$287.46
• C)$309.10
• D)$299.47
• E)$358.02

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17th Century

A historical period extending from January 1, 1601, to December 31, 1700, marked by significant developments in various fields such as science, philosophy, and the arts.

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Rational Approach

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