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Question 1: Mae Company writes checks averaging $15,000 a day, and it takes 5 days for these checks to clear. The firm also receives checks in the amount of $17,000 per day, but the firm loses three days while its receipts are being deposited and cleared. How much is the company's net float?
Option 1: $32,000
Option 2: $24,000
Option 3: $75,000
Option 4: $126,000
Option 5: $16,000
Question 2: Cetaphil Company makes use of the Baumol Cash Management Model to determine its optimal cash balance. For the coming year, the expected cash disbursement total is $432,000. The interest rate on marketable securities is 5% and there is $8 per transaction. How much is the optimal cash balance of the company?
Option 1: $142,000
Option 2: $11,757.55
Option 3: $5,878.78
Option 4: %1,175.76
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