Jumpdisk Company writes checks averaging $15,000 a day, and it takes 5 days for these checks to clear. The firm also receives checks in the amount of $17,000 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?© BrainMass Inc. brainmass.com June 4, 2020, 12:23 am ad1c9bdddf
Collection Float = 17000
Disbursement Float = 15000
Net Float is ...
The solution computes the net float in dollars.