Question
Each day, on average, a company writes cheques totaling $11,750 to pay its suppliers. The usual total processing and clearing time for the cheques is
Each day, on average, a company writes cheques totaling $11,750 to pay its suppliers. The usual total processing and clearing time for the cheques is 3 days. Meanwhile, the company receives payments from its customers each day, in the form of cheques, totaling an average of $13,500. The cash from the payments received is available to the firm after 2 days. Calculate the companys average daily disbursement float, collection float, and net float. (Negative amounts should be indicated by a minus sign.Do not use commas in your answers!) Average Daily Disbursement float = Average Daily Collection float = Average Daily Net float =
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