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Problem 17-1 Calculating Float (LO 1) You have $126,000 on deposit with no outstanding checks or...
You have $13,500 on deposit with no outstanding checks or uncleared deposits. Assume you deposit ...
You have $13,500 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $5,100. Does this create a disbursement float or a collection float? What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Available balance $ What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Book balance
You have $11,900 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a...
You have $11,900 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $2,200. a. Does this create a disbursement or collection float? b. What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Float type Available balance b. Book balance
You have $141,000 on deposit with no outstanding checks or uncleared deposits. One day you write...
You have $141,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $43,000. a. Does this create a disbursement float or a collection float? What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Disbursement float a. Type of float b....
You have $143.000 on deposit with no outstanding checks or uncleared deposits. One day you write...
You have $143.000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $41,000. a. Does this create a disbursement float or a collection float? What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Type of float Available balance c. Book...
You have $13,800 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $5,400. a. Does this create a disbursement float or a collection float? b. What is your available balance? (Do not round intermediate calculat
You have $13,800 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $5,400.a.Does this create a disbursement float or a collection float?b.What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)c.What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)PLEASE ANSWER ALL
You have $138,000 on deposit with no outstanding checks or uncleared deposits. One day you write...
You have $138,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $46,000. a. Does this create a disbursement float or a collection float? What is your available balance? (Do not round intermediate calculations and round *** your answer to the nearest whole number, e.g., 32.) What is your book balance? (Do not round intermediate calculations and round your ** answer to the nearest whole number, e.g., 32.) Type of float b. Available...
You have $21,400 on deposit with no outstanding checks or uncleared deposits. One day you write...
You have $21,400 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,300 and then deposit a check for $4,900. What are your disbursement, collection, and net floats? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Disbursement float Collection float Net float
Problem 17-5 Calculating Float (LO 1) In a typical month, the Pier Corporation receives 100 checks...
Problem 17-5 Calculating Float (LO 1) In a typical month, the Pier Corporation receives 100 checks totaling $132,000. These are delayed five days on average. Assume 30 days in a month. What is the average daily float? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Average daily float
Each business day, on average, a company writes checks totaling $13,600 to pay its suppliers. The...
Each business day, on average, a company writes checks totaling $13,600 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 $24,600. 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. (A negative answer should be indicated by a minus sign. Do not round...
Each business day, on average, a company writes checks totaling $13,400 to pay its suppliers. The...
Each business day, on average, a company writes checks totaling $13,400 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 $24,400. 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. (A negative answer should be indicated by a minus sign. Do not round...
You have $11,900 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $2,200. a. Does this create a disbursement or collection float? b. What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Float type Available balance b. Book balance
You have $141,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $43,000. a. Does this create a disbursement float or a collection float? What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Disbursement float a. Type of float b....
You have $143.000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $41,000. a. Does this create a disbursement float or a collection float? What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Type of float Available balance c. Book...
You have $138,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $46,000. a. Does this create a disbursement float or a collection float? What is your available balance? (Do not round intermediate calculations and round *** your answer to the nearest whole number, e.g., 32.) What is your book balance? (Do not round intermediate calculations and round your ** answer to the nearest whole number, e.g., 32.) Type of float b. Available...
You have $21,400 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,300 and then deposit a check for $4,900. What are your disbursement, collection, and net floats? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Disbursement float Collection float Net float
Problem 17-5 Calculating Float (LO 1) In a typical month, the Pier Corporation receives 100 checks totaling $132,000. These are delayed five days on average. Assume 30 days in a month. What is the average daily float? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Average daily float
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