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Each business day, on average, a company writes checks totaling $32,000 to pay its suppliers. The usual clearing time for the checks is four days....


Disbursement float $
Collection float $
Net float $

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Each business day, on average, a company writes checks totaling $32,000 to pay its suppliers. The usual clearing time for the checks is four days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $43,000. The cash from the payments is available to the firm after two days. Calculate the company’s disbursement float, collection float, and net float. Disbursement float $ Collection float $ Net float $ Calculate the company's collection float, and net float, if the collected funds were available in one day instead of two. Disbursement float $ Collection float $ Net float $
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Each business day, on average, a company writes checks totaling $32,000 to pay its suppliers.
The usual clearing time for the checks is four days. Meanwhile, the company is receiving
payments from...

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