Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marston Corporation writes 3 7 checks a day for an average amount of $ 4 3 4 each. These checks generally clear the bank 3

Marston Corporation writes 37 checks a day for an average amount of $434 each. These checks generally clear the bank 3.5 days after they are written. In addition, the firm generally receives 49 checks with an average amount of $529 each. Deposited amounts are available after an average of 3 days. What is the firm's disbursement float?
Multiple Choice
$77,763
$56,203
$25,921
$21,560
$16,058

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Multifractal Detrended Analysis Method And Its Application In Financial Markets

Authors: Guangxi Cao, Ling-Yun He, Jie Cao

1st Edition

9811079153, 978-9811079153

More Books

Students also viewed these Finance questions