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Jumpdisk Company Writes Checks Averaging $15,000 a Day, and It

question 9

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Jumpdisk Company writes checks averaging $15,000 a day, and it takes 5 days for these checks to clear. The firm also receives checks in the amount of $17,000 per day, but the firm loses three days while its receipts are being deposited and cleared. What is Jumpdisk's net float?

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Definitions:

Union Election

A voting process in which workers decide by ballot whether to be represented by a union in dealing with their employer.

Collective Bargaining

The process by which labor and management negotiate the terms and conditions of employment, including working hours and workplace conditions.

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Gadgets or pieces of equipment that operate using electricity, including computers, smartphones, and tablets.

Business Hours

The specific times during which a business is open to the public or conducts operations.

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