Each business day, on average, a company writes checks totaling $41,500 to pay its suppliers. The usual clearing time for the checks is six days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $52,500. The cash from the payments is available to the firm after four days. Required:
a. Calculate the company's disbursement float, collection float, and net float (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e. g., 32.)

b. Calculate the company's disbursement float, collection float, and net float if the collected funds were available in two days instead of four (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e. g.. 32.).

Explanation:

Given the following :

Average checks written per day =$41, 500

Clearing time = 6days

Average checks received per day = 52,500

Time available = 4 days

A.) Disbursement float :

Checks written * clearing time

$41,500 * 6days = $249,000

COLLECTION FLOAT :

Checks received * available time

$52,500 * 4 = $210, 000

NET FLOAT :

$(249,000 - 210,000) = $39,000

B.) if collected funds are available in two days :

Disbursement float :

Checks written * clearing time

$41,500 * 6days = $249,000

COLLECTION FLOAT :

Checks received * available time

$52,500 * 2 = $105,000

NET FLOAT :

$(249,000 - 105,000) = $144, 000

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.

1. avoid them

2. a talk with them

3. ask someone you trust

4. ignore

5. call police