How much is the average daily disbursement float? How much is the average daily collection float? How much is the net float?
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The following data pertains to Slide Corp.’s: (use 360 days/year)
|
Slide Corp.’s payment to suppliers |
Slide Corp.’s collection from customers |
||
|
Processing Delay |
4 days |
Processing Delay |
2 days |
|
Clearing Delay |
1 day |
Clearing Delay |
24 hours |
|
Mail time |
1 week |
Mail time |
4 days |
Slide Corp.’s daily collection average P1,800 while average daily payment is P2,700.
- How much is the average daily disbursement float?
- How much is the average daily collection float?
- How much is the net float?
- If the cash can be readily invested in instrument earning 6%, how much is the daily cost of collection float?
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