The Blue Star Generally Receives Only 3 Checks a Month

question 67

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) $1,376.67
• C) $3,351.33
• D) $5,666.67
• E) $6,800.00

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Definitions:

Disjunction

A procedure in computing that outputs true if a minimum of one input value is true.

Conjunct

An element of a conjunction, serving as a component in a compound sentence or statement formed by connecting two simple statements with a conjunction.

Conjunction

In logic, an operator that yields true only if both of its operands are true; in grammar, a word used to connect clauses or sentences.

Truth Values

The valuation of propositions in logic which typically can be either true or false.