eoc_chapter_17

# eoc_chapter_17 - Chapter 17 Problems 1-16 Input boxes in...

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Chapter 17 Problems 1-16 Input boxes in tan Output boxes in yellow Given data in blue Calculations in red Answers in green

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Chapter 17 Question 1 Input Area: Amount on deposit \$200,000 Check amount \$118,000 Output: This is disbursement float. Available balance \$200,000 Book balance \$82,000
Chapter 17 Question 2 Input Area: Amount on deposit \$60,000 Check amount \$110,000 Output: This is collection float. Available balance \$60,000 Book balance \$170,000

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Chapter 17 Question 3 Input Area: Amount on deposit \$50,000 Written check amt \$4,000 Deposit amount \$16,000 Output: Disbursement float \$4,000 Collection float \$(16,000) Net float \$(12,000)
Chapter 17 Question 4 Input Area: Units 800 Unit price \$60 Terms 1% / 15 Net 60 Output Area: a. Days until account is overdue 60 Remittance \$48,000 b. Discount 1% Discount period 15 Remittance \$47,520 c. Implicit interest \$480 Days of credit 45

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Chapter 17 Question 5 Input Area: Checks received 100 Value of checks \$80,000 # of days delayed 6 Days per month 30 Output: Average daily float \$16,000.00
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## This note was uploaded on 05/01/2009 for the course FINC 106 taught by Professor Dr.nehale during the Spring '09 term at Baptist College of Health Sciences.

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eoc_chapter_17 - Chapter 17 Problems 1-16 Input boxes in...

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