Assume that a firm makes payments of $400 a day, which take an average of four...

Assume that a firm makes payments of $400 a day, which take an average of four days to clear, and that it receives $750 a day in cheques, which take an average of three days to clear. Calculate the firm's net float.

A) $650

B) -$650

C) $1,600

D) $2,250

E) -$2,250

Solutions

Expert Solution

Ans is B)-$650

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jeff jeffy answered 1 year ago

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