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QUESTION 6 On an average day, a company writes checks totaling $1,000. These checks take 8 days to clear. The company receives checks totaling $1,500.
QUESTION 6 On an average day, a company writes checks totaling $1,000. These checks take 8 days to clear. The company receives checks totaling $1,500. These checks take 4 days to clear. The cost of debt is 9%. What is the firm's disbursement float? $6,000 $6,000 0 0 0 $8,000 -$8,000
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