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 P10,000meanwhile daily collection average P5,000.The following data pertains to National Co.'s:National Co.'s payment to suppliersNational Co.'s collection from customers(in number of days)(in number of days)Mail Time5Mail Time7Processing Time3Processing Time23Clearing TimeClearing Time3

Answered: to National Co.'s: yment to suppliers…

Business

Accounting

to National Co.'s: yment to suppliers er of days) 5 National Co.'s collection from customers (in number of days) 7

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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

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