Question: PLEASE WRITE THE ANSWER FOR THE INCORRECT ONES!!!! Each business day, on average, a company writes checks totaling $17,000 to pay its suppliers. The usual
PLEASE WRITE THE ANSWER FOR THE INCORRECT ONES!!!!


Each business day, on average, a company writes checks totaling $17,000 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 $22,000. 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. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) Disbursement float $ 68,000 Collection float $ 44,000 X 24,000 Net float $ b. 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? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) Disbursement float $ 68,000 Collection float $ 22,000 X 46,000 Net float $ Paper Submarine Manufacturing is investigating a lockbox system to reduce its collection time. It has determined the following: 485 Average number of payments per day Average value of payment Variable lockbox fee (per transaction) Daily interest rate on money market securities $ 935 $ 15 .068% The total collection time will be reduced by three days if the lockbox system is adopted. a. What is the PV of adopting the system? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is the NPV of adopting the system? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the net cash flow per day from adopting? Per check? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a. PV $ 1,360,425 b. $ 1,279,910 X C. $ NPV Net cash flow Net cash flow 870.34 per day $ 2.38 X per check
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