On an average day, a company writes cheques totaling €1,500.These cheques take 7 days to clear. The company receives cheques totaling €1,800.These cheques take 4 days to clear.The cost of
Debt is 9%.
What is the firm's collection float?
A) €-7,200
B) €-1,800
C) €1,800
D) €10,500
E) None of the above.
Correct Answer:
Verified
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