The Gibson Co. generally receives 4 checks a month. A month is defined as a 30 day period. 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? 
A) $1,682.35
B) $2,723.33
C) $3,800.00
D) $4,805.88
E) $5,720.00
Correct Answer:
Verified
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