Each business day, on average, a company writes checks totaling $38,000 to pay its suppliers. The usual clearing time for the checks is four days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $49,000. The cash from the payments is available to the firm after two days. (Enter your answer as directed, but do not round intermediate calculations.)

Required: (a) Calculate the companys disbursement float, collection float, and net float. (Negative amounts should be indicated by a minus sign.)

Disbursement float $_________

Collection float $_________

Net float $ ___________

(b) Calculate the company's disbursement float, collection float, and net float, if the collected funds were available in one day instead of two. (Negative amounts should be indicated by a minus sign.)

Disbursement float $-__________

Collection float $__________

Net float $__________