to National Co.'s: yment to suppliers er of days) 5 National Co.'s collection from customers (in number of days) 7
to National Co.'s: yment to suppliers er of days) 5 National Co.'s collection from customers (in number of days) 7
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Q2. Refer to the Image!!!
1. How much is the average daily disbursement float?
2. How much is the average daily collection float?
3. How much is the net float?
![National Co.'s average daily payment is P10,000
meanwhile daily collection average P5,000.
The following data pertains to National Co.'s:
National Co.'s payment to suppliers
National Co.'s collection from customers
(in number of days)
(in number of days)
Mail Time
5
Mail Time
7
Processing Time
3
Processing Time
2
3
Clearing Time
Clearing Time
3](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faa1e9fe2-504f-476c-a2df-a8d8a50fab4b%2Fb75b0408-d583-485a-b158-f66701754643%2Fvyd0t55_processed.png&w=3840&q=75)
Transcribed Image Text:National Co.'s average daily payment is P10,000
meanwhile daily collection average P5,000.
The following data pertains to National Co.'s:
National Co.'s payment to suppliers
National Co.'s collection from customers
(in number of days)
(in number of days)
Mail Time
5
Mail Time
7
Processing Time
3
Processing Time
2
3
Clearing Time
Clearing Time
3
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