You have $21,400 on deposit with no outstanding checks or uncleared deposits. One day you write a

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You have $21,400 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,300 and then deposit a check for $4,900. What are your disbursement, collection, and net floats?

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Essentials of Corporate Finance

ISBN: 978-1260013955

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Nov 28, 2019 05:07 AM

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You have $21,400 on deposit with no outstanding checks or uncleared deposits. One day you write a

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Your disbursement float is the amount of the check ...View the full answer

Essentials of Corporate Finance

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