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What is the amount of the average daily float

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Reference no: EM131317699

Harvest Foods generally receives three checks a month in the amounts of $38,950, $16,750, and $63,800. It takes an average of one day for the funds from these checks to be added to the firm's available balance at the bank once they have been deposited. What is the amount of the average daily float? Assume a 30-day month.

Reference no: EM131317699

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