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Calculate the company disbursement ?oat

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Reference no: EM132770129

Each business day. on average. a company writes checks totaling $33,000 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 $451,000. The cash from the payments is available to the ?rm after two days.

Problem a. Calculate the company's disbursement ?oat, collection float and net ?oat.

Reference no: EM132770129

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