Each business day, on average, a company writes

checks totaling $23,400 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 $38,100. The cash from

the payments is available to the firm after two days.

a. Calculate the company's disbursement float, collection float, and

net float.

b. How would your answer to part (a) change if the collected funds were

available in one day instead of two?