What is average daily float

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Reference no: EM131552926

In a typical month, the Gulley Corporation receives 100 checks totaling $129,000. These are delayed four days on average. Assume 30 days in a month.

What is the average daily float? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Average daily float=

Reference no: EM131552926

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