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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
Your firm is offered credin terms of 1710.net 40 What is the effective annual interest rate on this arrangement? Assume 365 d
ves Corp has an inventory period of 26 days, an accounts payable period of 437 days, and an accounts receivable period of 350
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
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Answer #1

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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