What is the firm disbursement float

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Reference no: EM13300974

You have been going through the store's checkbook and bank balances. In the process you discovered that SSP, on average, writes checks in the amount of $10,000 each day and that it takes about five days for these checks to clear. Also the firm receives checks in the amount of $10,000 daily but loses four days while day are being deposited and cleared.

What is the firm's disbursement float, collections float, and net float?

Reference no: EM13300974

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