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Question 7 (6 marks) You have $28,350 in your bank account. Today you got a big cheque 555,500 from your valid customer and you just

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Question 7 (6 marks) You have $28,350 in your bank account. Today you got a big cheque 555,500 from your valid customer and you just deposited it to your bank account. However, you had to write a cheque the same day at the amount of $9,000 to pay your supplier for purchased products and a telephone bill at the amount o $150. Required: Answer the following questions a. What is the disbursement float? b. What is the collection float? c. What is the net float? d. What is your book balance? e. What is your available bank balance? f. What is Cash Management to you

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