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Shannara Manufacturing writes 20 checks a day for an average amount of $457 each that generally clear 2.25 days after they are written. In
Shannara Manufacturing writes 20 checks a day for an average amount of $457 each that generally clear 2.25 days after they are written. In addition, the firm generally receives 28 checks each day with an average amount of $502 each that are available after 1.75 days. Is this a collection or disbursement float? What is the amount of the float?
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Construction accounting and financial management
Authors: Steven j. Peterson
2nd Edition
135017114, 978-0135017111
