On an Average Day, a Company Writes Cheques Totaling €1,500

question 23

Multiple Choice

On an average day, a company writes cheques totaling €1,500.These cheques take 7 days to clear. The company receives cheques totaling €1,800.These cheques take 4 days to clear.The cost of
Debt is 9%.
What is the firm's disbursement float?

• A)€-10,500
• B)€-8,700
• C)€1,800
• D)€10,500
• E)None of the above.

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Definitions:

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