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On an average day, a company writes checks totaling $1,500. These checks take seven days to clear. The company receives checks totaling $1,800. These checks
On an average day, a company writes checks totaling $1,500. These checks take seven days to clear. The company receives checks totaling $1,800. These checks take four days to clear. The cost of debt is 9%. What is the firm's disbursement float?
A. $-10,500
B. $-8,700
C. $1,800
D. $10,500
E. None of the above. Please show work.
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