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    On a typical day, Park Place Clinic writes $1,000 in checks.

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    On a typical day, Park Place Clinic writes $1,000 in checks. It generally takes four days for those checks to clear. Each day the clinic typically receives $1,000 in checks that take three days to clear.What is the clinic's average net float?

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    https://brainmass.com/economics/banking/on-a-typical-day-park-place-clinic-writes-1-000-in-checks-393157

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    On a typical day, Park Place Clinic writes $1,000 in checks. It generally takes four days for those checks to clear. Each day ...

    Solution Summary

    On a typical day, Park Place Clinic writes $1,000 in checks. It generally takes four days for those checks to clear. Each day the clinic typically receives $1,000 in checks that take three days to clear.What is the clinic's average net float?

    $2.19