As of monday morning the ledger balace and the avaiable, Ask an Expert

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As of Monday morning, the ledger balace and the avaiable balace for the firm was $3,600. During the day, the firm wrote 3 checks in the amounts of $230, $590 and $870. The firm deposited a check for $360 and a check for $910.

1. What is the amount of the collection float as of the end of the day?

2. What is the amount of the disbursement float as of the end of the day?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92167861

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