Define the firm disbursement float

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Question: On an average day, DDL Enterprises writes checks totaling $1,500. These checks take an average of 5 days to clear. On an average day, DDL receives checks totaling $1,700 which take 4 days to clear. The cost of debt is 7.5 percent. What is the firm's disbursement float?

Reference no: EM131940060

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