Question: Marston Corp. writes 47 checks a day for an average amount of $474 each. These checks generally clear the bank 25 days after they are

 Marston Corp. writes 47 checks a day for an average amount
of $474 each. These checks generally clear the bank 25 days after

Marston Corp. writes 47 checks a day for an average amount of $474 each. These checks generally clear the bank 25 days after they are written. In addition, the firm generally receives 59 checks with an average amount of $559 each. Deposited amounts are available after an average of 2 days. What is the firm's disbursement float S10,267 SS5695 565 962 Silver Eyes, Inc., has an average collection period of 2375 days and its average daily accounts receivable is $405,000. What are the company's annual credit sales assuming 365 days per year? Multiple Choice S7261.57895 58 44036447 S961875000 6.91578947 56224,21053

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!