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Each business day, on average, a company writes checks totaling $ 800 to pay its suppliers. The usual clearing time for the checks is 4
Each business day, on average, a company writes checks totaling $ 800 to pay its
suppliers. The usual clearing time for the checks is 4 days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $ 960. The cash from the payments is available to the firm after 1 day. Calculate the companys disbursement float, collection float, and net float
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