Business, 30.03.2021 20:20 minideeri

Each business day, on average, a company writes checks totaling $13,500 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 $24,500. The cash from the payments is available to the firm after two days. A. Calculate the company's disbursement float, collection float, and net float.
B. If the collected funds were available in one day instead of two, what would be the company's disbursement float, collection float, and net float?

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Each business day, on average, a company writes checks totaling $13,500 to pay its suppliers. The us...

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