Reference no: EM131937650

1. The UpTowner writes 39 checks a day for an average amount of $918 each. These checks generally clear the bank 2.5 days after they are written. In addition, the firm generally receives an average of $53,419 a day in checks. The checks that are received are deposited immediately and the funds are generally available the following day. What is the amount of the firm's disbursement float?

A) $36,086

B) $89,505

C) $17,333

D) $53,419

E) $106,838

2. All else being equal, a firm should be able to boost the per share market price of its common stock by undertaking a:

A. stock split

B. reverse stock split

C. stock repurchase

D. stock dividend

E. both answer 2 and 3