Question: Can you please help with this question Thank Very much Each business day, on average a company writes checks totaling $12, 400 to pay its
Can you please help with this question Thank Very much
Each business day, on average a company writes checks totaling $12, 400 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 S23.400 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. 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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