During the Month You Receive 4 Checks,one for $100,two for $200,and

question 19

Essay

During the month you receive 4 checks,one for $100,two for $200,and one for $500. They are delayed for 2 days,4 days,and 8 days respectively. What is your average daily collection float (a month has 30 days)?

---

Definitions:

Consumer Purchase Decision Process

The steps consumers go through, including need recognition, information search, evaluation of alternatives, purchase, and post-purchase evaluation, before buying a product or service.

Samsung Galaxy S10

A smartphone model developed by Samsung, launched as part of its Galaxy S series in 2019, known for its high-resolution camera and advanced features.

Customer Retention

The activities and actions companies and organizations take to reduce the number of customer defections and to maintain a loyal customer base.

Customer Satisfaction

An assessment of the degree to which a company's products or services exceed or fulfill the anticipations of the consumer.