User Account

All Pages

Disbursement float as of the end of the day

Assignment Help Finance Basics
Reference no: EM131402117

As of this morning, your firm had a ledger balance of $3,656 with no outstanding deposits or checks. Today, your firm deposited 6 checks in the amount of $266 each and wrote 12 checks in the amount of $716 each. What is the amount of the disbursement 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: EM131402117

Questions Cloud

Standard deviation of the stock returns : A stock produced returns of 11 percent, 19 percent, and 2 percent over three of the past four years, respectively. The arithmetic average for the past four years is 9 percent. What is the standard deviation of the stock's returns for the four-year..
Retirement account on your 66th birthday : 1. You believe you will need $150,000 annually to live comfortably while retired. You plan on retiring when you are 65 and will begin withdrawing funds from your retirement account on your 66th birthday. If you expect to need 25 years of retirem..
What is the firm net float : In addition, the firm generally receives an average of $140,484 a day in checks that are deposited immediately. Deposited funds are available in 1 days. What is the firm's net float?
Find temperature of the iron and water system : In an experiment, 25 mL of 0.10 M acetic acid is titrated with 0.10 sodium hydroxide solution. What is the pH of the solution after the addition of 25 mL of NaOH. (ionization constant of the conjugate base = 5.6x10-10)
Disbursement float as of the end of the day : As of this morning, your firm had a ledger balance of $3,656 with no outstanding deposits or checks. Today, your firm deposited 6 checks in the amount of $266 each and wrote 12 checks in the amount of $716 each. What is the amount of the disbursem..
Which course of action advances the common good : Which course of action advances the common good? What moral rights do the affected parties have, and which course of action best respects those rights?
How many days are in the operating cycle : ABC Corporation currently has an inventory turnover of 10.77, a payables turnover of 5.41, and a receivables turnover of 11.14. How many days are in the operating cycle?
Average accounts payable balance : ABC Company has annual sales of $400,000 and cost of goods sold of $153,422. The accounts payable period is 59.91 days. What is the average accounts payable balance?
Firm effective cost of borrowing : ABC Company has an average collection period of 28 days and factors all of its receivables immediately at a 2.3 percent discount. Assume all accounts are collected in full. What is the firm's effective cost of borrowing?

Reviews

Write a Review

Finance Basics Questions & Answers

  Austin needs to purchase a new heatingcooling system for

austin needs to purchase a new heatingcooling system for his home. he is thinking about having a geothermal system

  Say that you purchase a house for 150000 by getting a

say that you purchase a house for 150000 by getting a mortgage for 135000 and paying a 15000 down payment. assume you

  Should morris-meyer lease or borrow and buy the equipment

Consider the $250,000 estimated salvage value. Is it appropriate to discount it at the same rate as the other cash flows? What about the other cash flows-are they all equally risky? Explain.

  How are the currency pairs listed for the euro and yen

How are the currency pairs listed for the euro (EUR), yen (JPY), and pound (GBP) versus the dollar? What are the current exchange rates listed?

  How much is the bond worth today

Suppose a State of New York bond will pay $1000 10 years from now. If the going interest rate on these 10-year bonds is 5.5%. How much is the bond worth today?

  Variance of the return to the whole portfolio

(a) Assuming Cov(RA, RB) = -50, calculate the mean and the variance of the return to the whole portfolio. (b) Assuming that the covariance between the two assets is at its maximum possible value, calculate the return to the whole portfolio.

  Capbud problems 303 fal

A 20-year project produces annual cash flows of $12,000 from year 1 to year 20. If the payback period is exactly 11 years, what is the NPV of this project? Assume a 10% annual discount rate. Please show work

  Is it possible to have promised negative nominal interest

Is it possible to have promised negative nominal interest rates? Why?

  Certain industries are subject to peculiar financing and

certain industries are subject to peculiar financing and operating conditions calling for special consideration in

  Identify the major strategic challenge

You may use the first 2 slides to identify the major strategic challenge and the other 3 slides making suggestions how to overcome that challenge.

  Acquisition of property and related fees

During Year 4, a firm purchased land, building, and equipment for lump sum payment of $450,000. Make the journal entry to record the acquisition of property and related fees.

  Write essay indicate what you know about behavioral finance

Please write a 2 pages reaction essay indicating what you have learnt, what surprised you and what else you would like to know about behavioral finance. The reaction essay will be based on the pdf and a youtube video.

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