Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 442 Weeks Ago, 3 Days Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 26 May 2017 My Price 5.00

Calculate payment float, availability float, and net float.

Every day, Consolidated Blancmange writes checks worth $100,000. These checks take an average of five days to clear. The company also receives payments of $150,000 every day. These take three days to clear.
a. Calculate payment float, availability float, and net float.
b. What would be the company’s annual savings if it could reduce availability float to one day? The interest rate is 6 percent a year. What would be the present value of these savings?

Answers

(8)
Status NEW Posted 26 May 2017 03:05 PM My Price 5.00

-----------

Attachments

file 1495814500-Answer.docx preview (114 words )
E-----------ver-----------y d-----------ay,----------- Co-----------nso-----------lid-----------ate-----------d B-----------lan-----------cma-----------nge----------- wr-----------ite-----------s c-----------hec-----------ks -----------wor-----------th -----------$10-----------0,0-----------00.----------- Th-----------ese----------- ch-----------eck-----------s t-----------ake----------- an----------- av-----------era-----------ge -----------of -----------fiv-----------e d-----------ays----------- to----------- cl-----------ear-----------. T-----------he -----------com-----------pan-----------y a-----------lso----------- re-----------cei-----------ves----------- pa-----------yme-----------nts----------- of----------- $1-----------50,-----------000----------- ev-----------ery----------- da-----------y. -----------The-----------se -----------tak-----------e t-----------hre-----------e d-----------ays----------- to----------- cl-----------ear-----------.a.----------- Ca-----------lcu-----------lat-----------e p-----------aym-----------ent----------- fl-----------oat-----------, a-----------vai-----------lab-----------ili-----------ty -----------flo-----------at,----------- an-----------d n-----------et -----------flo-----------at.-----------b. -----------Wha-----------t w-----------oul-----------d b-----------e t-----------he -----------com-----------pan-----------yâ€-----------™s -----------ann-----------ual----------- sa-----------vin-----------gs -----------if -----------it -----------cou-----------ld -----------red-----------uce----------- av-----------ail-----------abi-----------lit-----------y f-----------loa-----------t t-----------o o-----------ne -----------day-----------? T-----------he -----------int-----------ere-----------st -----------rat-----------e i-----------s 6----------- pe-----------rce-----------nt -----------a y-----------ear-----------. W-----------hat----------- wo-----------uld----------- be----------- th-----------e p-----------res-----------ent-----------
Not Rated(0)