What is average daily float

Assignment Help Financial Management
Reference no: EM131920368

In a typical month, the Webber Corporation receives 100 checks totaling $67,000. These are delayed three days on average. Assume 30 days in a month. (Enter your answer as directed, but do not round intermediate calculations.)

Required:

What is the average daily float?

Average daily float $

Reference no: EM131920368

Questions Cloud

Should business people take the social consequences : To what extent do you feel that a U.S. company doing business in another country should "Do as the Romans do"
Develop algorithms to manipulate collections : Develop algorithms to manipulate collection(s), with evaluated algorithm quality. You must use effective algorithms as studied in class.
Two money market securities : Ye Yuan is in retirement and is considering investing in one of the following two money market securities:
Compute the total cost of ordering and carrying flour : The bakery uses an average of 4,500 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order.
What is average daily float : In a typical month, the Webber Corporation receives 100 checks totaling $67,000. What is the average daily float?
What problems are caused by the allocation of overhead : What problems are caused by the allocation of overhead? In your judgment, which of the problems associated with the allocation of overhead are overcome
Why you would recommend the managerial solution : The administrative challenge is budget cuts for a tri-county community action network. Students must prepare a two page single space memo to the Executive.
Which unit has more predictable demand for bagels : The manager of the bakery wants to identify which of the bakery units faces more predictable demand for bagels.
What is the pistol? division wacc : What is the pistol? division's WACC? What is the rifle? division's WACC?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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