Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shannara Manufacturing writes 21 checks a day for an average amount of $461 each that generally clear 25 days after they are written in addition,

image text in transcribed

Shannara Manufacturing writes 21 checks a day for an average amount of $461 each that generally clear 25 days after they are written in addition, the firm generally receives 29 checks each day with an average amount of $50B cach that are available after 2 days. Is this a collection or disbursement of? What is the amount of the float? Mutiple Choice ) A collection oat of $656 0 A disbursement fiom of $7057 0 C) A disbursement tout of $5,262 0 A collection fost of $5.262 0 ) A collection of $2057

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Guide To Conducting Internal Audits Of Your Management Systems

Authors: Martin Pykett

1st Edition

B099C3GPMH, 979-8538997749

More Books

Students also viewed these Accounting questions