Suppose a hospital writes checks of $100,000 per day and it takes, on average, seven days for… 1 answer below »

Suppose a hospital writes checks of $100,000 per day and it takes, on average, seven days for them to be received by and clear the banking system. Furthermore, the hospital receives 0,000 in checks daily that take four days to be deposited and credited. What is the hospital’s float?

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