Compute the collection float, the disbursement float, and the net float in dollars in the following table. (Note: by definition, collection float is always considered negative, and disbursement float is always positive .Both should be shown as positive numbers here. The net float however should be shown as positive if it is favorable and as negative if it is unfavorable.)

After reading the above, calculate the following:

a) Collections float:$120,000 / $80,000

b) Disbursements float:$120,000 / $80,000

c) Net float:$40,000 / -$40,000 / $200,000

Given this information, you can deduce that on an average day, murphy floorings bank balance isless than /same as / greater thanits book balance.

Answer rating: 100% (QA)

a Collections float 120000 80000 40000 b Disburs... View the full answer