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Ricciardo currently has $100,000 on deposit


Ricciardo currently has $100,000 on deposit. Ricciardo Company writes checks totaling $40,000 to pay its suppliers. The clearing time is 6 days. Meanwhile, the company is receiving payments from its customers totaling $50,000. The cash from the payments is available to the company after 3 days.

a. Calculate the firm’s disbursment float, collection float, and net float.

b. How would you answer part (a) if the collected funds were available after 4 days instead of 3 days?

Option 1

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Option 2

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