Marston corp. writes 28 checks a day for an average amount of $398 each. these checks generally clear the bank 3 days after they are written. in addition, the firm generally receives 40 checks with an average amount of $502 each. deposited amounts are available after an average of 2.5 days. what is the firm's disbursement float?

The Marston Corp. disbursement float is  $ (16,768.00)

Explanation:

The firm writes 28 checks a day for an average amount of $398 each, is equal to say = 28 * $398 =  $ 11,144.00 . If these checks generally clear the bank 3 days after they are written, then =  $ 11,144.00 * 3 =  $ 33,432.00

And, the firm generally receives 40 checks with an average amount of $502 each, is equal to say = 40 * $502 =  $ 20,080.00 . If the deposited amounts are available after an average of 2.5 days, then = $ 20,080.00  *  2.5 =  $ 50,200.00

The Marston Corp. disbursement float is  = $ 33,432.00  -  $ 50,200.00 =

$ (16,768.00)

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