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 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 Η Ο Ο S10,267 Ο SS5695 Ο 565 962 Ο

Answer 1

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ACCOUNTS latest - Microsoft Excel (Product Activation Failed) View Add-Ins Formulas Data Review - 2x = = = Dr General File Home Insert Page Layout % Cut Calibri Ea Copy Paste Format Painter BIU - D Clipboard Font 11AA A Wrap Text Merge Merge & Center - Center SF $ 4:0 .00 :.: Insert Delete Format % % , Number Conditional Format Formatting as Table Styles Cell Styles Σ AutoSum : A Fill Sort & 2 Clear Filter Editing Find & Select Alignment Cells for R226 M N O P Q R T U V W X 210 211 212 213 214 215 disbursement float = no of checks written x average amount x no of days to clear disbursement float = 47 x 474 x 2.5 disbursement float = 55695 answer 216 217 218 219 average collection period = 365 days x accounts receivable / annual credit sales 23.75 = 365 x 405000 / annual credit sales annual credit sales = 365 x 405000/ 23.75 answer annual credit sales = 6224210.53 220 221 222 223 224 225 226 227 ► FIFO budget 45 days cycle ROE, BV MV ratio VARIANCE BEP, OL FL_ratios DETROIT float B-S profit loss SALES BUDGET dupont Rea CASH BUDGET ferences DIFF ANALYSIS ovel BOU 140% 0 DO 4 * 410 ENG 20-11-2019