Instructions: Read each problem carefully, and answer the question that follows. Provide the necessary computation to support you answer. 1. Each business day, on average, a company write checks totaling $12,000 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 $23,000. The cash from the payments is available to the firm after two days. Calculate the following: a. Disbursement float b. Collection float c. Net float 2. You place an order for 350 units of inventory at a unit price of $140. The supplier offers terms of 1/10, net 30. How long do you have to pay before the account is overdue? If you take the full period, how much should you remit? What is the discount being offered? How quickly must you pay to get the discount? If you do take the discount, how much should you remit? a. b