Bulldogs Inc. has a positive net float of P6,000. The mail time and clearing time for all the checks received and disbursed by the firm is 3 days and 24 hours, respectively. The processing delay for collection and payment is 2 days and 1 day, respectively.

If Bulldogs Inc. has an average daily disbursement float of P18,000, how much is the average daily collection?

Answer rating: 100% (QA)

Average daily collection Total disbursements Net floa... View the full answer