Question

At the beginning of the day, a company has a cash balance of $11,450 and no float. During the day, the company wrote three checks for $640, $975, and $1,340. The company also deposited checks for $1,205 and $1,880. What is the company's disbursement float?

Answer 1

Answer:

$2955

Explanation:

company's disbursement float is basically the money that the company has written check for but not yet paid from the bank account. In this case it is $640,$975,$1340 and their sum = $2955