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