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

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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