Multiple Choice
CM Enterprises estimates that it takes, on average, 7 days for their customers' payments to reach them, 1 day for the payments to be processed and deposited by their bookkeeping department, and 3 more days for the checks to clear once they're deposited. What is their collection float?
A) 7 days
B) 8 days
C) 10 days
D) 11 days
Correct Answer:
Verified
Correct Answer:
Verified
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