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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