In a typical month,River City Tours received 60 checks totaling $144,000.These are delayed 3 days on average.What is the average daily float? Assume 30 days in a month.
A)$12,500
B)$13,333
C)$14,400
D)$16,217
E)$16,667

Name: In a typical month,River City Tours received 60 checks totaling $144,000.These are delayed 3 days on average.What is the average daily float? Assume 30 days in a month. A)$12,500 B)$13,333 C)$14,400 D)$16,217 E)$16,667
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Question

Quizplus · Accepted Answer

Average daily float = $144,000/30 × 3 = $14,400

In a Typical Month,River City Tours Received 60 Checks Totaling