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Each business day, on average, a company writes checks totaling $ 3 9 , 0 0 0 to pay its suppliers. The usual clearing time

Each business day, on average, a company writes checks totaling $39,000 to pay its
suppliers. The usual clearing time for the checks is three days. Meanwhile, the company
is receiving payments from its customers each day, in the form of checks, totaling
$50,000. 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. (A negative
answer should be indicated by a minus sign. Do not round intermediate
calculations and round your answers to the nearest whole number, e.g.,32.)
b. Calculate the company's disbursement float, collection float, and net float, if the
collected funds were available in one day instead of two. (A negative answer should
be indicated by a minus sign. Do not round intermediate calculations and round
your answers to the nearest whole number, e.g.,32.)
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