User Account

All Pages

What would be the company disbursement float

Assignment Help Financial Accounting
Reference no: EM132487505

Point 1: Each business day, on average, a company writes checks totaling $13,900 to pay its suppliers. The usual clearing time for the checks is four days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $24,900. The cash from the payments is available to the firm after two days.

Question a. Calculate the company's disbursement float, collection float, and net float (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Question b. If the collected funds were available in one day instead of two, what would be the company's disbursement float, collection float, and net float? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Reference no: EM132487505

Questions Cloud

Quality of the interaction between people : How does the perception that there is little time left in a relationship affect the quality of the interaction between people?
Do agree with the actual time frame does not matter : As long as an accounts receivable statement is sent before the outstanding amounts are paid, the actual time frame does not matter. Do you agree?
Essential component of sociology in the contemporary world : Why is a global perspective an essential component of sociology in the contemporary world? What is the relationship between local and global sociology?
Why do social policymakers find it easier to spend ten times : Why do social policymakers find it easier to spend ten times the cost to contain a problem like building prisons than to invest in social programs
What would be the company disbursement float : If the collected funds were available in one day instead of two, what would be the company's disbursement float, collection float, and net float?
What is the average daily collection float : What is the average daily collection float? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Discuss the role of the labour market in caribbean society : Discuss the role of the labour market in Caribbean society and differentiate between the types of markets.
Describe the trend in global inequality : Describe the trend in global inequality over the course of the last century, especially since 1970. Based on where we have been and where we are now
What challenges face oakhurst in 2011 : What challenges face Oakhurst in 2011 and beyond? How do Oakhurst's efforts to reduce carbon emissions through operation changes help address the challenges

Reviews

Write a Review

Financial Accounting Questions & Answers

  Minimize or eliminate these impediments

Exhibit 18.2 of your textbook lists a number of impediments to project success. How might you minimize or eliminate these impediments?

  Apply the accounting equation

Use the accounting equation to show how to determine the amount of a company’s owners’ equity. How would your answer change if you were analyzing your own household or a single IHOP restaurant?

  Domestic corporations that own one class of stock

A-Corp owns 100% of B-Corp and C-Corp. A-Corp sells its C-Corp stock to D-Corp during 2014. All letters refer to domestic corporations that own one class of stock and are includable. -Does A-Corp's sale of it's C-Corp stock end the affiliated group? ..

  Explain briefly what is revealed by the ratios

Explain briefly what is revealed by the ratios and other calculations in the context of the company's profitability, efficiency, liquidity, gearing (leverage) and investment performance. In particular, any important changes from 2010 to 2011 shou..

  Transactions-adjustments on appropriate balance sheet

A company incurred the following transactions: Wages of $2,200 accrued at the end of the prior fiscal period were paid this fiscal period. Real estate taxes of $5,800 applicable to the current period have not been accrued. Show the effect, if any, of..

  What are the main discrepancies between the bids

Calculate the total bid if you base your calculations on the September 15, 2005, invoice assuming a cost plus 15% government contract and what are the main discrepancies between the bids you calculated in #1 and #2?

  What important internal controls were ignored

What important internal controls were ignored when LJM1 was created? . How might Enron's harsh Performance Review Committee (PRC) have aided company executives in committing the fraud?

  Differences between a rea diagram and an er diagram

There are differences between a REA diagram and an ER diagram. In a 1-2 page paper, describe at least 3 differences and 3 similarities between the two diagrams.

  What stock expected capital gains yield for coming year

If D1 = $1.50, g (which is constant) = 6.5%, and P0 = $56, what is the stock's expected capital gains yield for the coming year?

  Calculate the balance of retained earnings that would appear

Calculate the balance of Retained Earnings that would appear on a balance sheet at December 31, 2012. Calculate the gross profit percentage.

  Annual salary increase to be at minimum

Suppose an employee starts working after completing her MBA at age 30 at a starting salary of $50,000. She expects an annual salary increase to be at minimum 1%, at maximum 5%, with a uniform distribution. Her retirement plan requires that she contri..

  Calculate net income under fifo and lifo

Weighted average. Round the unit cost answer to two decimal places and ending inventory to the nearest $10. Assume that net income using the weighted-average cost flow assumption is $116,000. Calculate net income under FIFO and LIFO.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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