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You have been going through the store's checkbook and bank balances. In the process you discovered that SSP, on average, writes checks in the amount of $10,000 each day and that it takes about five days for these checks to clear. Also the firm receives checks in the amount of $10,000 daily but loses four days while day are being deposited and cleared.

What is the firm's disbursement float, collections float, and net float?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9880299

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