On an Average Day,DDL Enterprises Writes Checks Totalling $1,500

question 29

Multiple Choice

On an average day,DDL Enterprises writes checks totalling $1,500.These checks take an average of 5 days to clear.On an average day,DDL receives checks totalling $1,700 which take 4 days to clear.The cost of debt is 7.5 percent.What is the firm's disbursement float?

• A)−$700
• B)−$6,800
• C)$700
• D)$7,500
• E)$6,800

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