At the beginning of the day, a company had a ledger balance and available balance of...
At the beginning of the day, a company had a ledger balance and available balance of $3,860. During the day, the company wrote three checks for $260, $625, and $885. The company also deposited checks for $365 and $840. What is the company's collection float?
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$2,655
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$565
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$1,770
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$2,975
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$1,205
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At the beginning of the day, a company had a ledger balance and
available balance of...
At the beginning of the day, a company had a ledger balance and available balance of $3,860. During the day, the co...
At the beginning of the day, a company had a ledger balance and available balance of $3,860. During the day, the company wrote three checks for $265, $630, and $890. The company also deposited checks for $375 and $845. What is the company's collection float? Multiple Choice $2.640 $565 $3,005 $1785
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...
On October 31, the Company's general ledger shows $88,000 for the checking account balance. The company's...
On October 31, the Company's general ledger shows $88,000 for the checking account balance. The company's cash receipts for the month which haven't cleared the bank yet are $20,000 and checks written by the company this month which have not cleared the bank total $35,000 While comparing the bank statement with the general ledger the company determined the bank overcharged the company $1,000 for a check the company wrote. The bank statement also reported service fees of $50, interest earned...
1-5 please On October 31st, the Company's general ledger shows $88,000 for the checking account balance....
1-5 please
On October 31st, the Company's general ledger shows $88,000 for the checking account balance. The company's cash receipts for the month which haven't cleared the bank yet are $20,000 and checks written by the company this month which have not cleared the bank total $35,000. While comparing the bank statement with the general ledger the company determined the bank overcharged the company $1,000 for a check the company wrote. The bank statement also reported service fees of $50,...
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...
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 February 28", TR Company's general ledger shows a checking account balance of $36,900. The company's...
On February 28", TR Company's general ledger shows a checking account balance of $36,900. The company's cash receipts for the month which haven't cleared the bank yet are $12,000 and checks written by the company this month which have not cleared the bank total $24,500. While comparing the bank statement with the general ledger TR determined the bank under- charged them $90 for a check the bank cleared. The bank statement also reported service fees of $10, interest TR earned...
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
On a typical day, a company wies A checks worth a total of 59,585 that clear...
On a typical day, a company wies A checks worth a total of 59,585 that clear in 35 days. The company also collects 76 checks worth a total of $10,740 that clear in 3 days is the collection of disbursement at What is the amount of the float Mge Oеке o o O A collection fontos o Accesort of 30 o o Your firm is offered credin terms of 1710.net 40 What is the effective annual interest rate on this...
At the beginning of the day, a company had a ledger balance and available balance of $3,860. During the day, the company wrote three checks for $265, $630, and $890. The company also deposited checks for $375 and $845. What is the company's collection float? Multiple Choice $2.640 $565 $3,005 $1785
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...
On October 31, the Company's general ledger shows $88,000 for the checking account balance. The company's cash receipts for the month which haven't cleared the bank yet are $20,000 and checks written by the company this month which have not cleared the bank total $35,000 While comparing the bank statement with the general ledger the company determined the bank overcharged the company $1,000 for a check the company wrote. The bank statement also reported service fees of $50, interest earned...
1-5 please
On October 31st, the Company's general ledger shows $88,000 for the checking account balance. The company's cash receipts for the month which haven't cleared the bank yet are $20,000 and checks written by the company this month which have not cleared the bank total $35,000. While comparing the bank statement with the general ledger the company determined the bank overcharged the company $1,000 for a check the company wrote. The bank statement also reported service fees of $50,...
On February 28", TR Company's general ledger shows a checking account balance of $36,900. The company's cash receipts for the month which haven't cleared the bank yet are $12,000 and checks written by the company this month which have not cleared the bank total $24,500. While comparing the bank statement with the general ledger TR determined the bank under- charged them $90 for a check the bank cleared. The bank statement also reported service fees of $10, interest TR earned...
On a typical day, a company wies A checks worth a total of 59,585 that clear in 35 days. The company also collects 76 checks worth a total of $10,740 that clear in 3 days is the collection of disbursement at What is the amount of the float Mge Oеке o o O A collection fontos o Accesort of 30 o o Your firm is offered credin terms of 1710.net 40 What is the effective annual interest rate on this...
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