Each business day on average a company writes checks totaling $19500 to Show more Calculating Net Float. Each business day on average a company writes checks totaling $19500 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 $37200. The cash from the payments is available to the firm after two days. Calculating Net Float. Each business day on average a company writes checks totaling $19500 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 $37200. The cash from the payments is available to the firm after two days. a. Calculate the companys disbursement float collection float and net float. b. How would your answer to part (a) change if the collected funds were available in one day instead of two? Show less
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