You have $19,700 on deposit with no outstanding checks or uncleared deposits. One day you write a
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You have $19,700 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,300 and then deposit a check for $4,600. What are your disbursement, collection, and net floats?
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Your disbursement float is the amount of the chec...View the full answer
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Related Book For
Essentials Of Corporate Finance
ISBN: 9781265414962
11th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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