Problem 7 Alex Corp's Average Daily Payment is P2,000 meanwhile daily collection average P1,500. The following data pertains to Alex Corp's: 田 Alex Corp's Payment to Suppliers Alex Corp's Payment to Customers (in number of days) (in number of days) Mail Time 5 Mail Time 6. Processing Time Clearing Time 4 Processing Time 1 Clearing Time 4. A. How much is the Average Daily Disbursement Float? B. How much is the Average Daily Collection Float? C. How much is the Net Float?
Problem 7 Alex Corp's Average Daily Payment is P2,000 meanwhile daily collection average P1,500. The following data pertains to Alex Corp's: 田 Alex Corp's Payment to Suppliers Alex Corp's Payment to Customers (in number of days) (in number of days) Mail Time 5 Mail Time 6. Processing Time Clearing Time 4 Processing Time 1 Clearing Time 4. A. How much is the Average Daily Disbursement Float? B. How much is the Average Daily Collection Float? C. How much is the Net Float?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Alex Corp’s Average Daily Payment is P2,000 meanwhile daily collection averages P1,500.
The following data pertains to Alex Corp’s:
A. How much is the Average Daily Disbursement Float?
B. How much is the Average Daily Collection Float?
C. How much is the Net Float?
Transcribed Image Text:Problem 7
Alex Corp's Average Daily Payment is P2,000 meanwhile daily collection average P1,500.
The following data pertains to Alex Corp's:
田
Alex Corp's Payment to Suppliers
Alex Corp's Payment to Customers
(in number of days)
(in number of days)
Mail Time
5 Mail Time
6.
Processing Time
Clearing Time
4 Processing Time
1 Clearing Time
4
1
A. How much is the Average Daily Disbursement Float?
B. How much is the Average Daily Collection Float?
C. How much is the Net Float?
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