Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. cm enterprises estimates that it takes, on average

CM Enterprises estimates that it takes, on average, three days for customers payments to arrive,...

70.2K

Verified Solution

Question

Finance

image
CM Enterprises estimates that it takes, on average, three days for customers payments to arrive, two days for the payments to be processed and deposited by the bookkeeping department, and three more days for the checks to clear once they are deposited What is CM's collection float

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

One year, an accountant prepared individual income tax returns for 439 clients. For these individual tax...

Basic Math
Q

Problem 4-01A a-d (Video) The trial balance columns of the worksheet for Warren Roofing at March...

Accounting
Q

Two copies of the same chromosome in a cell are called alleles centromeres chromatids homologues

Biology
Q

An artificial satellite of mass m of a planet of mass M revolves in a...

Physics
Q

A ring of radius r is spun about its axis with an angular velocity in...

Physics
Q

Graph the solution to the following system of inequalities.2x+5y>-20-2x+7y<-21Then give the coordinates of one point...

Basic Math
Q

In a study of data derived from a variety of natural phenomena F A Benford...

Basic Math
Q

1. Formulate a PV LP model for selecting among the three projects described below. MARR...

Accounting
Q

Part One Taylor Tools uses the lower-of-cost-or-NRV method to value its inventory. Taylor...

Accounting
Q

2. The Asan Industries specialize in the manufacture small capacity motors. The cost structure of...

Accounting
Q

Chuck, a single taxpayer, earns $77,200 in taxable income and $10,000 in interest from an...

Accounting
Q

BLO PROBLEM 4 (10 pints) The sales budget of Hickory Company for the third quarter...

Accounting