What is the amount of the disbursement float

Assignment Help Financial Management

Reference no: EM132036796

1. As of this morning, your firm had a ledger balance of $4,843 with no outstanding deposits or checks. Today, your firm deposited 6 checks in the amount of $497 each and wrote 14 checks in the amount of $635 each. What is the amount of the disbursement float as of the end of the day?

2. Month Sales $ Month Sales $ Jan 35,777 July 41,605 Feb 21,248 Aug 18,333 Mar 18,333 Sep 35,777 Apr 41,605 Oct 18,333 May 35,777 Nov 21,248 June 21,248 Dec 41,605 Sales are collected as follows: In the month of Sales: 34% In the next month: 28% After 2 months: 9% Remainder is considered as bad debt and is not collected. Calculate the cash collection for June.

Reference no: EM132036796

Questions Cloud

How much did you have to place in your margin account : If you shorted 6 futures contracts, how much did you have to place in your margin account on 3/1?

Determine each project payback period : Determine each project's accounting rate of return. Determine each project's payback period. calculate the net present value of each project.

What is the company average balance in accounts payable : The company reported cost of goods sold of $271,940. What is the company's average balance in Accounts Payable?

Principal payments generated by debt securities : Corporate bonds are sometimes packaged by commercial banks into_____, in which investors receive interest or principal payments generated by debt securities.

What is the amount of the disbursement float : What is the amount of the disbursement float as of the end of the day?

Stock price in five years if p-e ratio remained unchanged : What would be the stock price in five years if the P/E ratio remained unchanged? What would the price be if the P/E ratio increased to 23 in five years?

How many days are in cash cycle : ABC Corporation currently has an inventory turnover of 21.71, a payables turnover of 14.36, and receivables turnover of 13.94. How many days are in cash cycle?

Is there profit opportunity here : Is there a profit opportunity here? Prove it by borrowing(either $1 million or $100 yen) in one country and investing in the other.

Calculate the bond price and current yield : Calculate the YTM of the bonds on January 1, 2012. Calculate the bond’s price and current yield on January 1, 2015, 8 years later, assuming interest fell to 7%.

User Account

All Pages