Questionsand Problems

Calculating Float In a typical month, the Bungee Jump Corporation receives Basic

100 checks totaling $90,000. These are delayed six days on average. What is the (Questions 1-10) average daily float?

Ross et al.: Fundamentals of Corporate Finance, Sixth Edition, Alternate Edition

VII. Short-Term Financial Planning and Management

20. Cash and Liquidity Management

© The McGraw-Hill Companies, 2002

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