Please answer these accurately fast please in less than 30 minutes 2) The Hobby Shop has a chocking account with an available balance of S617 and a check donk balance of 5702. There are 5238 in uncollected deposis. What is the amount of the disbursement float on this account? A) $323 B) $1,081 0 5196 D) $379 6) S153 25) Southem Meals generally receives four chocks a month. One of the checks is for S569 and has a collection delay of three days. The others amounts are S1,318, 5907, and S113 and have a one-day delay. Given this information, what is the amount of the average daily float? Assume each month has 30 days. 4) $94 B) S148 C) $135 D) S113 E) $106 29) Specialty Co. deals strictly with three customers who pay monthly amounts of 5340,800, $262,900, and $81,300. The 581,300 payment has a collection delay of 2.5 days while the other two have a delay of 1.5 days. What is the weighted average delay assuming each month has 30 days? A) 1.98 days B) 2.01 days C) 1.62 days D) 1.57 days E) 1.78 days 30) A mail-order company processes 8,200 checks per month. Of these, 64 percent are for $39 while the remainder are for $69. The $39 checks have a collection delay of 2.1 days on average while the $69 checks are delayed 1.8 days on average. Assume each month has 30 days. The interest rate is 5.2 percent per year. What is the maximum amount that should be paid to reduce the weighted average float to 1.5 days? A) 55,825 B) 59,675 C) $6,130 D) 58,650 E) $10,990

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....

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Please answer these accurately fast please in less than 30 minutes 2) The Hobby Shop has a chocking account with an available balance of S617 and a check donk balance of 5702. There are 5238 in uncollected deposis. What is the amount of the disbursement float on this account? A) $323 B) $1,081 0 5196 D) $379 6) S153 25) Southem Meals generally receives four chocks a month. One of the checks is for S569 and has a collection delay of three days. The others amounts are S1,318, 5907, and S113 and have a one-day delay. Given this information, what is the amount of the average daily float? Assume each month has 30 days. 4) $94 B) S148 C) $135 D) S113 E) $106 29) Specialty Co. deals strictly with three customers who pay monthly amounts of 5340,800, $262,900, and $81,300. The 581,300 payment has a collection delay of 2.5 days while the other two have a delay of 1.5 days. What is the weighted average delay assuming each month has 30 days? A) 1.98 days B) 2.01 days C) 1.62 days D) 1.57 days E) 1.78 days 30) A mail-order company processes 8,200 checks per month. Of these, 64 percent are for $39 while the remainder are for $69. The $39 checks have a collection delay of 2.1 days on average while the $69 checks are delayed 1.8 days on average. Assume each month has 30 days. The interest rate is 5.2 percent per year. What is the maximum amount that should be paid to reduce the weighted average float to 1.5 days? A) 55,825 B) 59,675 C) $6,130 D) 58,650 E) $10,990

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