What is the firm''s disbursement float

Reference no: EM131407835

On average, Bowden Farms receives checks that amount to $420,000 each day, whereas the amount of checks the company writes each day averages $380,000. It normally takes three days for incoming checks to clear through the banking system, and outgoing checks generally clear in five days. What is the firm's disbursement float, collections float, and net float?

Reference no: EM131407835

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What is the firm''s disbursement float : It normally takes three days for incoming checks to clear through the banking system, and outgoing checks generally clear in five days. What is the firm's disbursement float, collections float, and net float?

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