Business, 21.04.2020 16:28 mimithurmond03

On average, LB Inc. receives 138 payments each day with an average value of $42 each. These payments clear the bank in an average of 1.3 days. In addition, it disburses 2.2 checks a day with an average amount of $2,250. These checks clear the bank in two days. What is the average amount of the collection float?

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On average, LB Inc. receives 138 payments each day with an average value of $42 each. These payments...

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