What are disbursement-collection and net floats

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Reference no: EM131547005

You have $36,100 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,000 and then deposit a check for $7,000.

What are your disbursement, collection, and net floats? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Disbursement float $

Collection float $

Net float $

Reference no: EM131547005

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