On an average day,a company writes checks totaling $1,500.These checks take 7 days to clear.The company receives checks totaling $1,800.These checks take 4 days to clear.The cost of debt is 9%.What is the firm's disbursement float?
A) $10,500
B) -$8,700
C) $1,800
D) -$10,500
Correct Answer:
Verified
Q1: What is the firm's collection float?
A) $10,500
B)
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Q7: The difference between bank cash and book
Q7: What is the firm's net float?
A) $300
B)
Q12: Which of the following is not true
Q14: Checks written by the firm are said
Q17: Most large firms hold a cash balance
Q18: When a firm writes a check, there
Q20: By getting closer to the source of
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