# On a typical day, a company wies A checks worth a total of 59,585 that clear...

On a typical day, a company wies A checks worth a total of 59,585 that clear in 35 days. The company also collects 76 checks worth a total of \$10,740 that clear in 3 days is the collection of disbursement at What is the amount of the float Mge Oеке o o O A collection fontos o Accesort of 30 o o
Your firm is offered credin terms of 1710.net 40 What is the effective annual interest rate on this arrangement? Assume 365 days in each year Multiple Choice o О зоны o 0127 o Онко o Ою 96 o
ves Corp has an inventory period of 26 days, an accounts payable period of 437 days, and an accounts receivable period of 350 days. What is the company's cash ο ο ο ο ο

Disbursement float= \$9,585 * 3.5 = \$33,548

Collection float = \$10,740 * 3 = \$32,220.

Disbursement float is greater than collection float.
\$33,548 - \$32,220 = \$1,328
So, it is disbursement float.

A disbursement float of \$1,328.

NOTE : Post the rest of the questions separately.

THANK you...

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