B1. (Float) The book and available balance for a firm’s checking account for the last seven days is given here.
What is the daily float? For the seven days, what are the average book balance, average available balance, and average float? DAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY SUNDAY Book balance $100,000 50,000 70,000 100,000 110,000 110,000 110,000 Available balance $120,000 100,000 60,000 80,000 130,000 130,000 130,000
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