Determining the amount of the collection float

Assignment Help Finance Basics
Reference no: EM131402108

As of this morning, your firm had a ledger balance of $3,532 with no outstanding deposits or checks. Today, your firm deposited 4 checks in the amount of $274 each and wrote a check in the amount of $701. What is the amount of the collection float as of the end of the day?

Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

Reference no: EM131402108

Questions Cloud

How technology in the laboratory has been used medical care : Your initial outline for your course project paper is due this module. Prepare a 1-2 page document containing your outline. Your outline will be the skeleton from which you will write your project. Your outline should contain an idea for your intr..
Growth factor for the entire week : If the Dow Jones Industrial Average increases by 1.2% on Monday, by 0.7% on Tuesday, 2.4% on Wednesday, 1.8% on Thursday, and 0.2% on Friday, what is the growth factor for the entire week?
Determining the real risk-free rate : You read in The Wall Street Journal that 30-day T-bills are currently yielding 5.4%. Your brother-in-law, a broker at Safe and Sound Securities, has given you the following estimates of current interest rate premiums:
Description of the communicable disease : Description of the communicable disease (causes, symptoms, mode of transmission, complications, treatment) and the demographic of interest (mortality, morbidity, incidence, and prevalence).Describe the determinants of health and explain how those ..
Determining the amount of the collection float : As of this morning, your firm had a ledger balance of $3,532 with no outstanding deposits or checks. Today, your firm deposited 4 checks in the amount of $274 each and wrote a check in the amount of $701. What is the amount of the collection float..
What is the purpose genetic engineering of domestic animals : What is the purpose genetic engineering of crop plants and domestic animals? Briefly explain how GMOs are created. What foods in your supermarket contain GMOs? Are foods that contain GMOs safe for human consumption?
Determining the inventory turnover : ABC Corporation currently has an inventory turnover of 11.84, a payables turnover of 14.76, and a receivables turnover of 10.84. How many days are in the cash cycle?
Firm to collect its accounts receivable : ABC Company has annual sales of $460,319 and cost of goods sold of $198,600. The average accounts receivable balance is $119,858. How many days on average does it take the firm to collect its accounts receivable? Assume 365 days.
Select an online article and summarize the article : Select an online article (professional health care source) or professional website which focuses on infectious diseases of global concern.Summarize the article, and explain its significance to the course content and global health. Include the lin..

Reviews

Write a Review

Finance Basics Questions & Answers

  Who are the players in the government sector

Who are the players in the government sector? What is the distinction between a government-owned corporation and a government-sponsored enterprise? What is the distinction between a depository financial institution and a nondepository bank financi..

  What is the company theoretical stock price

The company's beta is 1.25, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's theoretical stock price? (HINT: see text for calculations that require both CAPM and DDM).

  Political influence on interest rates

Offer at least one example of why a political regime that favors a large government will cause interest rates to be lower.

  Calculating and understanding a firm optimal

Calculating and understanding a firm's optimal or sustainable growth rate is critical to the goal of maximizing shareholders' wealth and developing an optimal capital structure.

  Compute present value of winnings

You have won the $1.4 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday, 78 years from now.

  What is the nal of the lease

Assume that Big Sky Mining will continue to use the machine beyond the expiration of the lease and must purchase it at an estimated residual value of $250,000 at the end of the 4th year. What is the NAL of the lease?

  A stock has an expected return of 16.8 percent

A stock has an expected return of 16.8 percent, its beta is 1.4, and the expected return on the market is 13 percent. The risk-free rate must be percent. (Do not include the percent sign (%). Round your answer to 2 decimal places.

  Assume that the dollar is presently weak and is expected

a assume that the dollar is presently weak and is expected to strengthen over time. how will these expectation affect

  Objective type of questions on bonds

Objective type of questions on bonds and calculate the duration on a bond with all of the same attributes as the bond in part

  Develop an investment policy statement for your client

Develop an investment policy statement for your client. Calculate and interpret the arithmetic mean, holding period return, variance and covariance (correlation) of asset returns based on 5 year historical data.

  What is the flotation cost of equity for a firm

What is the flotation cost of equity for a firm that generates sufficient internal cash flows to cover the equity portion of any capital expenditure?

  Explain expected gain from the acquisitions

Explain expected gain from the acquisitions and what is the NPV of the acquisition to HC shareholders if it costs an average of $30 per share to acquire all of the outstanding shares

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!

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