On a typical day, a company wies A checks worth a total of 59,585 that clear...

Question

Question

Answer 1

Answer #1

Disbursement float= $9,585 * 3.5 = $33,548

Collection float = $10,740 * 3 = $32,220.

Disbursement float is greater than collection float.
$33,548 - $32,220 = $1,328
So, it is disbursement float.

A disbursement float of $1,328.

NOTE : Post the rest of the questions separately.

THANK you...

Add a comment

Answer 2

Similar Homework Help Questions

On a typical day, a company writes 67 checks worth a total of $10.440 that clear...

On a typical day, a company writes 67 checks worth a total of $10.440 that clear in 275 days. The company also collects 80 checks worth a total of $14560 that clear in 225 days. Is this a collection or disbursement float? What is the float value? Multiple Choice Ο A collection fout of $4120 Ο A collection float of 54.207 Ο A disbursement float of $4,050 O A disbursement float of 54320 Ο O A collection float of $1.050
On a typical day, a company writes 66 checks worth a total of $8,850 that clear...

On a typical day, a company writes 66 checks worth a total of $8,850 that clear in 2.25 days. The company also collects 78 checks worth a total of $10,840 that clear in 1.75 days. Is this a collection or disbursement float? What is the amount of the float? On a typical day, a company writes 66 checks worth a total of $8,850 that clear in 2.25 days. The company also collects 78 checks worth a total of $10,840 that...
On a typical day, a company writes 54 checks worth a total of $8,440 that clear in 2.75 days. The company also collects...

On a typical day, a company writes 54 checks worth a total of $8,440 that clear in 2.75 days. The company also collects 66 checks worth a total of $10,240 that clear in 2.25 days. Is this a collection or disbursement float? What is the amount of the float?

On an average day, a company writes 51 checks worth a total of $6.250 that clear...

On an average day, a company writes 51 checks worth a total of $6.250 that clear in 275 days. The company also collects 73 checks worth a total of $8,590 that clear in 2.25 days. What is the company's average disbursement float? Multiple Choice o o S19328 o 58,590 o S6,250 < Proy 17 of 30 !! Next > to search
On an average day, a company writes 59 checks worth a total of $6,450 that clear...

On an average day, a company writes 59 checks worth a total of $6,450 that clear in 3 days. The company also collects 81 checks worth a total of $8,990 that clear in 2.75 days. What is the company's average disbursement float?
On an average day, a company writes 35 checks worth a total of $5,850 that clear in 2.25 days. The company also col...

On an average day, a company writes 35 checks worth a total of $5,850 that clear in 2.25 days. The company also collects 43 checks worth a total of $7,790 that clear in 175 days. What is the company's average disbursement float? Multiple Choice o o o o

On an average day, a company writes 45 checks worth a total of $7,850 that clear...

On an average day, a company writes 45 checks worth a total of $7,850 that clear in 2.25 days. The company also collects 57 checks worth a total of $9,890 that clear in 1.75 days. What is the company's average collection float?
On an average day, a company writes 49 checks worth a total of $7,950 that clear...

On an average day, a company writes 49 checks worth a total of $7,950 that clear in 3.25 days. The company also collects 61 checks worth a total of $9,990 that clear in 2.75 days. What is the company's average collection float? a.7,950 b.17,940 c.9,990 d.25,838 e. 27,473
Marston Corp. writes 47 checks a day for an average amount of $474 each. These checks...

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 Silver Eyes, Inc., has an average collection period of 2375 days and its...