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Elaboraetum, Inc., earned $142,575 in cash sales and $306,750 in credit sales on 40 day terms, all in the third quarter. If the third quarter
Elaboraetum, Inc., earned $142,575 in cash sales and $306,750 in credit sales on 40 day terms, all in the third quarter. If the third quarter also began with $198,657 in receivables from the previous quarter, what is the total cash flow from all sales for the third quarter?
$ 368,73.00
$ 448,325.33
$ 279,991.79
$ 648,982.00
$ 511,648.67
Ginger's Stolen Soles, Inc., has a total disbursement float of $2,464.50 and total net float of $438. What is the company's total collection float?
$ 2,892.50
$ 2,259.29
$ 1,840.50
$ 2,616.00
$ 2,026.50
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