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You have $36,600 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $6,500 and then deposit a check for $4,500.

What are your disbursement, collection, and net floats? (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.)

Disbursement float $

Collection float $

Net float $

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92884307

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