Calculate the company’s disbursement float, collection float, and net float.

Each business day, on average, a company writes checks totaling $40,500 to pay its suppliers. The usual clearing time for the checks is five days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $51,500. The cash from the payments is available to the firm after three days.

a.Calculate the company’s disbursement float, collection float, and net float.(A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Disbursement float $
Collection float $
Net float $

b.Calculate the company’s disbursement float,collection float, and net float, if the collected funds were available in one day instead of three.(A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Disbursement float $
Collection float $
Net float $

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