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

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