Float
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ZZZ Corp. ended the day with a cleared balance in its bank account of $7,000. The company deposited $50,000 in checks received from customers the next day. It wrote checks to its suppliers the same day that totaled $20,000. If $14,000 of the firm's deposited checks have cleared by the end of the third day but only $8,000 of its checks to suppliers have cleared, what is its "float"?
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This provides an example of finding float.
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Deposit (Withdrawal) Clear Float
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