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Question below. All info needed should be in the picture. If not just ask me. Thanks in advance. Each business day, on average, a company

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Question below. All info needed should be in the picture. If not just ask me. Thanks in advance.

image text in transcribed

Each business day, on average, a company writes checks totaling $33,000 to pay its suppliers. The usual clearing time tor the checks is three days. Meanwhile, the company is receiving payments trom its customers each day, in the torm ot checks, totaling $44,000. The cash trom the payments is available to the firm atter two days. a. Calculate the company's disbursement float, collection float, and net float. (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 b. Calculate the company's disbursement float, collection float, and net float, It the collected funds were available in one day instead ot two. (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

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