Question: Marston Corp. writes 31 checks a day for an average amount of $410 each. These checks generally clear the bank 3.75 days after they are

Marston Corp. writes 31 checks a day for an average amount of $410 each. These checks generally clear the bank 3.75 days after they are written. In addition, the firm generally receives 43 checks with an average amount of S511 cach. Deposited amounts are available after an average of 3.25 days. What is the firm's disbursement float? Multiple Choice 371,412 421,973 547663 S12,710 423,750
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
