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Each business day, on average, a company writes checks totaling $12,200 to pay its suppliers. The usual clearing time for the checks is four days.

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Each business day, on average, a company writes checks totaling $12,200 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 $23,200. 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. If the collected funds were available in one day instead of two, what would be 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.) Answer is complete but not entirely correct. $ 48,800 $ Disbursement float Collection float Net float Disbursements float Collection float Net float 46,400 2,400 48,800 23,200 25,600 $

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