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A - On an average day, DDL Enterprises writes checks totaling $1,500. These checks take an average of 5 days to clear. On an average
A - On an average day, DDL Enterprises writes checks totaling $1,500. These checks take an average of 5 days to clear. On an average day, DDL receives checks totaling $1,700 which take 4 days to clear. What is the firm's disbursement float?
B - UpTown Beverages has a checkbook balance of $132,462. However, when the financial manager looks up the firm's account on the bank's website, the balance that appears is $147,918. What is the net float? Is the net float a collection float or a disbursement float?
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