1.You have $140,000 on deposit with no outstanding checks or uncleared deposits. One day you write check for $44,000.

a.Does this create disbursement float or a collection float?

b.What is your available balance?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

c.What is your book balance?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

2.You place an order for 2,100 units of Good X at a unit price of $58. The supplier offers terms of 1/30, net 35.

a-1.How long do you have to pay before the account is overdue?

a-2.If you take the full period, how much should you remit?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

b-1.What is the discount being offered?(Enter your answer as a percent.)

b-2.How quickly must you pay to get the discount?

b-3.If you do take the discount, howmuch should you remit?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

c-1.If you don't take the discount, how much interest are you paying implicitly?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

c-2.How many days' credit are you receiving?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

3.The MalibuCorporation has annual credit sales of $30 million. The average collection period is 32 days.What is the average investment in accounts receivable as shown on the balance sheet?(Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, roundedto 2 decimal places, e.g., 1,234,567.89.)