Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Each business day, on average, a company writes checks totaling $30,000 to pay its suppliers. The usual cleaning time for the three days. Meanwhile, the
Each business day, on average, a company writes checks totaling $30,000 to pay its suppliers. The usual cleaning time for the three days. Meanwhile, the company receiving payments from its customers each day in the form of checks, totsing $50,000. The cash from the payment is unable to the matter two days Calculate the company disbursement fout, collection fout, and not font. (A negativa anwww should be indicated by us on Do not round intermediate calculations and round your answers to the nearest whole number 012.) Disbursement float Collection that Net float b. Calculate the company's disbursement float, collection float, and not float if the collected funds were available in one day instead of two (Anegative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, 0.32 Disbursement float Collection float Net float
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started