In current asset management, what is the float? How would paying by check allow a business to take advantage of the float?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter12: The Cost Of Capital
Section: Chapter Questions
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In current asset management, what is the float? How would paying by check allow a business to take advantage of the float?

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