Rubber Tires receives three checks a month.The first check averages $842,000 and clears in 1.2 days.The second check averages $318,000 and clears in .7 days.The third check averages $465,000 and clears in 2 days.What is the average daily float? Assume a 30-day month.
A) $69,600
B) $72,100
C) $73,600
D) $74,500
E) $68,900
Correct Answer:
Verified
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