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Compute the Net float in dollars

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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?

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Solution Summary

The solution computes the net float in dollars.

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Collection Float = 17000

Disbursement Float = 15000

Net Float is ...

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