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Each business day, on average, a company writes checks totaling $ 3 6 , 0 0 0 to pay its suppliers. The usual clearing time
Each business day, on average, a company writes checks totaling $ 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 $ The cash from the payments is available to the firm after two days.
a Calculate the companys 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, eg
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, eg
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