Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. each business day, on average, a company writes ch

Each business day, on average, a company writes checks totaling $14000 to pay its suppliers....

80.2K

Verified Solution

Question

Finance

Each business day, on average, a company writes checks totaling $14000 to pay its suppliers. The usual clearing time for the checks is four days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $25000. The cash from the payments is available to the firm after two days. a. Calculate the companys disbursement float, collection float, and net float.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

5. A professor theorizes that science students perform differently on multiple choice tests than on essay...

Operations Management
1.2K views

A tourist center is open on weekends (Friday, Saturday, and Sunday). The owner-manager hopes to improve...

Statistics
1.2K views

Which of the following best describes women s reactions to the product tested Male Female...

Calculus
1.2K views

6 dx 1 x 2 I

Accounting
1.2K views

Calculate the incremental effect on profit if the POP product is eliminated. Should MSI...

Accounting
1.2K views

Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on...

Accounting
1.2K views

Here's an example of how breakpoint discounts in sales commissions for mutual fund investors work....

Accounting
1.2K views

#1 SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the...

Accounting
1.2K views

The geometric average return will never exceed the arithmetic average return for a given set...

Finance
1.2K views

Question 1 On January 1.2021. three 100 par value bonds with an annual coupons will...

Finance
1.2K views

15. ROI for an investment center. An outpatient clinic invests $4,300,000. The desired ROI is...

Accounting
1.2K views

CPA Question 04 A restricted stock award was granted at the beginning of 2015 calling...