Answer :
The 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, then Jumpdisk's net float is: $24,000
Net float is the combination of the mail float, handling float, and availability float, thus represents the full duration of a wide range of check payment float. The net float is important when a business makes payments and gets payments essentially with checks. It isn't an issue when electronic payments are utilized.
The aggregate amount of net float in a bank account related to both outgoing and approaching incomes can be calculated by subtracting paid reserves not yet deducted from the account from reserves deposited but not yet cleared.
Net float: The net float is the contrast between the disbursement float and collection float. An organization might consider this worth to understand how its assets might change after everything is sent and gotten checks.
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