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Each day, on average, a company writes cheques totaling $ 1 1 , 7 5 0 to pay its suppliers. The usual total processing and
Each day, on average, a company writes cheques totaling $ to pay its suppliers. The usual total processing and clearing time for the cheques is days. Meanwhile, the company receives payments from its customers each day, in the form of cheques, totaling an average of $ The cash from the payments received is available to the firm after 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 Blank Fill in the blank, read surrounding text.
Average Daily Collection float Blank Fill in the blank, read surrounding text.
Average Daily Net float
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