You have $36,500 on deposit with no outstanding checks or uncleared deposits. On

Question

You have $36,500 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $6,400 and then deposit a check for $4,600. (Enter your answer as directed, but do not round intermediate calculations.)

What are your disbursement, collection, and net floats? (Negative amounts should be indicated by a minus sign.)

You have $36,500 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $6,400 and then deposit a check for $4,600. (Enter your answer as directed, but do not round intermediate calculations.)

Explanation / Answer

Disbursement Float = $6400 (Value of written Check)

Collection Float = $4600 (Deposit that has not yet cleared

Net Float = -$1800 -----> Collection Float - Disbursement float = $4600 - $6400 = - $1800

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