Business, 30.07.2019 20:40 SxloGxd

Each business day, on average, a firm writes checks totaling $17000 to pay its suppliers. the usual clearing time for the checks is 4 days. meanwhile, the firm is receiving payments from its customers each day, in the forms of checks, totaling $22000. the cash from the payments is available to the firm after two days. what is the firm’s disbursement float, collection float, and net float?

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Each business day, on average, a firm writes checks totaling $17000 to pay its suppliers. the usual...