What is the firm''s disbursement float

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On average, Bowden Farms receives checks that amount to $420,000 each day, whereas the amount of checks the company writes each day averages $380,000. It normally takes three days for incoming checks to clear through the banking system, and outgoing checks generally clear in five days. What is the firm's disbursement float, collections float, and net float?

Reference no: EM131407835

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