What is the clinic''s average net float

Assignment Help Financial Accounting
Reference no: EM133157935

Question - On a typical day, Orlando Clinic writes $90,000 in checks. It generally takes five days for those checks to clear. Each day the clinic typically receives $100,000 in checks that take three days to clear. What is the clinic's average net float? Please show your work.

Reference no: EM133157935

Questions Cloud

Types of risk management strategies : Describe at least two types of risks related to intellectual property (IP) rights and responsibilities that can arise during strategic planning.
Discuss event issue or piece of technology developed : Discuss an event issue or piece of technology developed during Unit 3 (Boundless World History chapters 11-14) that is still impacting society today.
Four groups of stakeholders : Apple outsources the assembly of its products to foreign countries, especially to China. Why do you think Apple chose outsourcing in China rather than exporting
Identify and summarize a recent nlrb decision : Identify and SUMMARIZE a recent NLRB decision (see "weekly Summaries of Decisions" in the "Cases and Decisions" tab of the National Labor Relations Board websit
What is the clinic''s average net float : Each day the clinic typically receives $100,000 in checks that take three days to clear. What is the clinic's average net float
Idea of google correlating personal traits : Question 1-What do you think of the idea of Google correlating personal traits from the employee's answers on the survey to their performance
Write an essay using case study of sydney medically : Write an essay using the case study of Sydney's Medically Supervised Injecting Centre (MSIC) in Kings Cross Sydney. In this essay, you should relate this policy
What is the net journal entry to the cash account : What is the net journal entry to the cash account for Nicks relating to the bank reconciliation? Enter a positive if it is a net debit
Who does it affect more the employer or the employee : In today's environment is this still a good idea or should individuals be required to take care of their healthcare much like automobile insurance?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the maturity value of the note

Problem - If the interest on a note is 12.0% and the principal was $220,000, what is the maturity value of the note if the note is payable in 8 months

  How much would be required to pay out the loan

The interest rate is 12% compounding annually. How much would be required to pay out the loan after 12 years

  How long will take to repay the debt

If the interest rate is 3 percent, how long will it take you to repay the debt? You have graduated from college but unfortunately have $39,000 in outstanding.

  Why are separate expense and revenue accounts

Why are separate "expense" and "revenue" accounts used when all revenues and expenses could be shown directly in the retained earnings account? Discuss two limitations of financial statement analysis and discuss each limitation. In your initial respo..

  Prepare a production cost report

The October 31 inventory was 100 per cent complete as to materials and 20 per cent complete as to conversion costs.- Prepare a production cost report for the month ended October 31, using the average cost method.

  How much will harry have at the end of the fifth year

How much will harry have at the end of the fifth year if he invests his bonuses (including the most recent bonus) in a project paying 8% per year?

  Calculate the variable consideration

Prepare extracts from D&D's statement of financial position as at December 31, 20X7, reporting all construction-related asset and liability accounts

  Present value exceeds the projected net present value

Ginger Company recently installed a postaudit program. To motivate their employees to take the program seriously, Ginger established a bonus program. Managers receive a bonus equal to 10 percent of the amount by which net present value exceeds the pr..

  Why financial projections should be prepared for thn eeds

Why financial projections should be prepared for these needs, along with funding strategies. Consideration must be given to retirement.

  Evaluate any damaging financial and ethical repercussions

Evaluate any damaging financial and ethical repercussions of failure to include the inventory write-downs in the financial statements. Prepare a recommendation to the CFO.

  What might motivate directors not to revalue the property

HA 3011 Advanced Financial Accounting Assignment. What might motivate directors not to revalue the property, plant and equipment

  Determine what is the required rate of return on b stock

Determine what is the required rate of return on B's stock? (Hint: First find the market risk premium.) Stock B's beta is 0.80. If the risk-free rate is 4.75%

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd