Homework Answers
Disbursement float is a float in which the cash balances of the firm will be decreasing after the transaction but it will not lead to overall changes in the available balance at the bank and this is a type of the disbursement float.
So it can be said that disbursement float is a type of float which causes a decrease in the book value of the company but it does not lead to any change in available balance.
Rest of the options are false as it is not managed float or measured float.
Correct answer is option (C) disbursement float.
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21 This type of float causes a decrease in the firm's book balance but no change...
The following data sets are annual growth rates for two products Calculate Statistics with Excel Y...
The following data sets are annual growth rates for two products Calculate Statistics with Excel Y 2013 2014 2015 2016 2017 2018 2019 2020 5.35% 6.25% 3.06% 12.05% 14.25% 5.25% -7.35% 9.50% 7.25% 4.35% 6.95% -13.50% -14.50% 18.00% 19.50% 2.00% a 20 Calculate the correlation coefficient of X and Y (1.00000) b (0.08490) Try this Excel Formula с (0.62500) =CORREL(1127:1134,J127:J134) d (0.25200) 21 This type of float causes a decrease in the firm's book balance but no change in its...
Disbursements float: A) occurs when a deposit is recorded but the funds are unavailable. B) causes...
Disbursements float: A) occurs when a deposit is recorded but the funds are unavailable. B) causes the book balance to exceed the bank balance. C) has tended to decrease the net float of the firm D) is a recommended source of funds for short-term investments. E) is generally more desirable to companies than collection float.
Problem 17-1 Calculating Float (LO 1) You have $126,000 on deposit with no outstanding checks or...
Problem 17-1 Calculating Float (LO 1) You have $126,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $58,000. 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.,...
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 $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 $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 $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 $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...
Spice it Up! writes 57 checks a day with an average amount of $289 each. These...
Spice it Up! writes 57 checks a day with an average amount of $289 each. These checks generally clear the bank in 2.7 days. In addition, the firm generally receives an average of $20,900 a day in checks that are deposited immediately. Deposited funds are available in an average of .5 days. What is the firm's net float? A. Net disbursement float of $34,027.10 B. Net disbursement float of $36,318 C. Net disbursement float of $34,750.30 D. Net collection float...
P15-14 (book/static) Question Help Float Simon Corporation has daily cash receipts of $65,000. A recent analysis...
P15-14 (book/static) Question Help Float Simon Corporation has daily cash receipts of $65,000. A recent analysis of its collections indicated that customers' payments were in the mail an average of 2 days. Once received, the payments are processed in 2 days. After payments are deposited, it takes an average of 2.5 days for these receipts to clear the banking system. a. How much collection float (in days) does the firm currently have? b. If the firm's opportunity cost is 9%,...
The following data sets are annual growth rates for two products Calculate Statistics with Excel Y 2013 2014 2015 2016 2017 2018 2019 2020 5.35% 6.25% 3.06% 12.05% 14.25% 5.25% -7.35% 9.50% 7.25% 4.35% 6.95% -13.50% -14.50% 18.00% 19.50% 2.00% a 20 Calculate the correlation coefficient of X and Y (1.00000) b (0.08490) Try this Excel Formula с (0.62500) =CORREL(1127:1134,J127:J134) d (0.25200) 21 This type of float causes a decrease in the firm's book balance but no change in its...
Problem 17-1 Calculating Float (LO 1) You have $126,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $58,000. 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.,...
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 $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 $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 $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...
P15-14 (book/static) Question Help Float Simon Corporation has daily cash receipts of $65,000. A recent analysis of its collections indicated that customers' payments were in the mail an average of 2 days. Once received, the payments are processed in 2 days. After payments are deposited, it takes an average of 2.5 days for these receipts to clear the banking system. a. How much collection float (in days) does the firm currently have? b. If the firm's opportunity cost is 9%,...
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