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Calculate the disbursement float

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Reference no: EM132745341

Question - ABC Corp. writes checks totaling P30,000. These checks clear in 7 days. Simultaneously, the firm receives P17,000. The cash is available in 2 days on average.

Required -

1. Calculate the disbursement float.

2. Calculate the collection float.

3. Calculate the net float.

Reference no: EM132745341

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