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Daily disbursement float-collection float and net float

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Reference no: EM133305498

Each day, on average, a company writes cheques totaling $11,750 to pay its suppliers. The usual total processing and clearing time for the cheques is 3 days. Meanwhile, the company receives payments from its customers each day, in the form of cheques, totaling an average of $13,500. The cash from the payments received is available to the firm after 2 days.

Calculate the company's average daily disbursement float, collection float, and net float. 

Average Daily Disbursement float =

Average Daily Collection float =

Average Daily Net float =

 

Reference no: EM133305498

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