4As of this morning, your firm had a ledger balance of $3,305 with no outstanding deposits or checks. Today, your firm deposited 9 checks in the amount of $392 each and wrote 13 checks in the amount of $637 each. What is the amount of the disbursement float as of the end of the day?

5ABC Corporation currently has an inventory turnover of 13.49, a payables turnover of 13.4, and a receivables turnover of 12.47. How many days are in the cash cycle?

6ABC Corporation currently has an inventory turnover of 40.79, a payables turnover of 7.86, and a receivables turnover of 12.08. How many days are in the operating

cycle?

7As of this morning, your firm had a ledger balance of $3,903 with no outstanding deposits or checks. Today, your firm deposited 4 checks in the amount of $255 each

and wrote a check in the amount of $868. What is the amount of the collection float as of the end of the day?

8ABC Company has a cash cycle of 11.75 days, an operating cycle of 21.08 days, and an average collection period of 7 days. The company reported cost of goods sold of $235,287. What is the company's average balance in Accounts Payable?

9

Month	Sales $	Month	Sales $
Jan	37,456	July	39,124
Feb	47,996	Aug	47,148
Mar	47,148	Sep	37,456
Apr	39,124	Oct	47,148
May	37,456	Nov	47,996
June	47,996	Dec	39,124

Sales are collected as follows:

In the month of Sales: 20% In the next month: 27% After 2 months: 7% After 3 months: remainder is collected

Calculate the cash collection for November.