Question

You have $35,900 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,200 and then deposit a check for $6,800. What are your disbursement, collection, and net floats?

Answer 1

Answer:

Explanation: from the question above, disbursement for the period is check for $4,200.

Collection for the period is a check for $6,800.

Net float is $35,900 + $6,800 - $4,200. = $38,500