Question: Calculating Net Float Each business day a company writes checks totaling $27,000 to pay suppliers. The usual clearing time for the checks if four days.

Calculating Net Float Each business day a company writes checks totaling $27,000 to pay suppliers. The usual clearing time for the checks if four days. Meanwhile the company is receiving checks from its customers each day, in the form of checks totaling $38,500. The cash from payments is available to the firm after two days.

a) Calculate the companys disbursement float

b) Calculate the companys collection float

c) Calculate the companys net float

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