Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ou have $36,100 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,000 and then deposit a check
ou have $36,100 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,000 and then deposit a check for $7,000. What are your disbursement, collection, and net floats? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
Disbursement float | $ |
Collection float | $ |
Net float | $ |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started