What is the firms net float in


Jumpdisk Company writes checks averaging $25,000 a day, and it takes 5 days for these checks to clear. The firm also receives checks in the amount of $27, 500 per day, but the firm loses three days while its receipts are being deposited and cleared. What is the firm's net float in dollars? (Please only enter number. For example, if your answer is $16, 500, enter 16500)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the firms net float in
Reference No:- TGS02349343

Expected delivery within 24 Hours