1. 19.1 Float measurement On a typical day, a firm makes cheque payments totalling $3 000. These...

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1. 19.1 Float measurement On a typical day, a firm makes cheque payments totalling $3 000. These payments clear in two days. Simultaneously, the firm receives $1 700. The cash is available in two days on average.

Calculate the disbursement, collection and net floats. How do you interpret the answer?

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Muhammad Salman Alvi

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