1. On average, Bowden Farms receives checks that amount to $420,000 each day,whereas the amount of checks the company writes each day averages $380,000. It normally takes three days for incoming checks to clear through the banking system, and outgoing checks generally clear in five days. What is the firms disbursement float, and net float? 2.Compute DSO for Buckwell corporation, which has the following aging schedule: Account age Amount outstanding Average days 0-30 days $65,000 23 31-60 25,000 43 Over 60 10,000 63 3. Following is the aging schedule for QRM Corporation: Account age Amount outstanding Average days 0-30 days $100,000 22 31-60 days 70,000 40 Over 60 days 30,000 4. Axis Wells and Evacuation (AWE) currently generates $72,000 in annual credit sales. AWE sells on terms of net 50, and it accounts receivable balance averages $12,000. AWE is is considering a new credit policy with terms of net 25. Under the new policy, sales will decrease to $68,000, and accounts receivable will average $13,600. Compute the days sales outstanding (DSO) under the existing policy and the proposed policy/