Solved

Green Apple Fruit Farms Has a Four-Day Delay in Processing

Question 156

Multiple Choice

Green Apple Fruit Farms has a four-day delay in processing and clearing. The daily interest rate is 0.23%. On an average day, the firm receives $7,500 in payments. What is the company's float?


A) $15,000
B) $30,000
C) $33,000
D) $35,000
E) $45,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents