Working capital management- Float

Aug 2nd, 2016
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This document contains the solution to float calculation problem : Each business day, on average, a company writes checks totalling $19,500 to pay its suppliers.

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6.Calculating Net Float. Each business day, on average, a company writes checks totalling $19,500to pay its suppliers. The usual clearing time for the checks is four days. Meanwhile, the company isreceiving payments from its customers each day, in the form of checks, totalling $37,200. The cashf

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