It normally takes three days for incoming checks to clear


On average, Bowden Farms receives checks that amount to $420,000 each day, whereas the amount of checks the company writes each day averages $380,000. It normally takes three days for incoming checks to clear through the banking system, and outgoing checks generally clear in five days. What is the firm's disbursement float, collections float, and net float?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: It normally takes three days for incoming checks to clear
Reference No:- TGS02204463

Expected delivery within 24 Hours