KJ Enterprises Estimates That It Takes, on Average, Three Days

KJ Enterprises estimates that it takes, on average, three days for their customers' payments to reach them, one day for the payments to be processed and deposited by their bookkeeping department, and two more days for the checks to clear once they're deposited. What is their collection float?

A) one day
B) two days
C) three days
D) six days

Correct Answer:

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