What is the amount of the collection float

Assignment Help Finance Basics
Reference no: EM13290753

On any given day, a firm receives numerous checks worth an average combined total of $5,900. The funds from the deposited checks are generally available after 1.5 days. Every day, the firm mails out checks totaling $4,400 that generally take 3 days to clear the bank. What is the amount of the collection float.

Reference no: EM13290753

Questions Cloud

What is the economic order quantity : The carpets are sold out before they are restocked. What is the economic order quantity.
Find numbers of turns necessary for secondary windings : A doorbell is connected to a transformer whose primary contains 3000 turns and which is connected to 120V AC. If the doorbell requires 0.2 A at 10 V, find the numbers of turns necessary for the secondary winding and the current that flows in the p..
What is the last day you can pay the discounted price : You purchased an item costing $5,700 on July 13. The terms of sale were 1/5, net 20. What is the last day you can pay the discounted price?
Explain 1-napthaleneacetic acid is not soluble in water : 1-Napthaleneacetic acid is not soluble in water at room temperature but goes into solution readily when heated.
What is the amount of the collection float : Every day, the firm mails out checks totaling $4,400 that generally take 3 days to clear the bank. What is the amount of the collection float.
Determine percent efficiency and percent voltage regulation : A 3 phase, 2 winding, 230kv/115kV, delta-wye, 50MVAtransformer has a series impedance of (4.0 at angle 81 degrees) %and core losses of 1.0% at rated voltage. When the transformer issupplying a load of 40MW at a power factor of 0.80 lagging at rate..
Define the chemical formula for the base iron hydroxide : What is the chemical formula for the base iron(III) hydroxide. The formula for the oxalate ion is C2O4^2-
Find excess-2 code converter to drive seven-segment indicatr : Design an excess-2 code converter to drive a seven-segment indicator . the four inputs to the conducter circuit is (A,B,C, andd) represent it in Excess-2 code decimal digit. the inputs aredigits 0-9, so the six unused combinations are dont cares.
Explain column chromatography using polar sio2 : Predict the order of elution for benzoic acid and methyl orange in normal phase column chromatography using polar SiO2 as the stationary phase. In other words, which compound should come off the column first? The structures of benzoic acid and met..

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the effective annual return

They have 3 years to maturity and are currently priced at 94 percent of par value. What is the bonds yield to maturity? What is the current yield? What is the effective annual return? Please give detailed answer, and show work step by step.

  What is the amount of the cash flow to creditors

Adelson's Electric had beginning long-term debt of $42,511 and ending long-term debt of $48,919. The beginning and ending total debt balances were $84,652 and $78,613, respectively. The interest paid was $4,767. What is the amount of the cash flow..

  Describe the principal-agent relationship

Describe the principal-agent relationship. In your answer, give an example of how a principal-agent problem arises in the corporate world. Can such a problem become costly? Please explain.

  What is the maximum profit and the maximum loss

Graph the profit potential (if any) for this position. What is the maximum profit and the maximum loss the trader can incur? At what price of the stock does the diagonal spread break-even?

  Would you still choose the same alternative

Assuming you could earn 11 percent annually, which alternative should you choose? If you could earn 12 percent annually, would you still choose the same alternative?

  Exchange rate effects on borrowing

Describe how the appreciation of Japanese yen against the U.S. dollar would affect the return to U.S. firm that borrowed Japanese yen and employed the proceeds for the U.S. project.

  Should ccc take the discount

The supplier is now offering a quantity discount of $0.03 per gallon if CCC orders 10,000 gallons at a time. Should CCC take the discount? WHY?

  Determination of wacc

Mullineaux Company has a target capital structure of 60 percent common stock, 5% preferred stock, and 35% debt. Its cost of equity is 14 percent, the cost of preferred stock is 6%.

  Computation of yield to maturity and yield to call

Computation of yield to maturity and yield to call

  What must the coupon rate be on merton bonds

Merton Enterprises has bonds on the market making annual payments, with 15 years to maturity, and selling for $971. At this price, the bonds yield 8.3 percent.

  Determine percentage bid-ask spreads on pound and euro

Assume the euro is quoted at 0.7064-80 in London and the pound sterling is quoted at 1.6244-59 in Frankfurt.

  Describe a bearish pattern with the two ma lines

Assuming a stock price and volume chart that also contains a 50-day and a 200-day MA line, describe a bearish pattern with the two MA lines and discuss why it is bearish.

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