Edith is college student; she has $5,000 in her bank account at Mesa Verde Bank. One...

Edith is college student; she has $5,000 in her bank account at Mesa Verde Bank. One day, she writes a check for $1,000 to pay for books, and she deposits $2,000. You need to show your calculation when needed and justify your answers. Answering with just a figure will earn only half the credit.

a. What is the initial available balance on her bank account?

b. Calculate her book value after she wrote the check.

c. Calculate her disbursement float.

d. Calculate her collection float.

e. Calculate her net ﬂoats.

Expert Solution

jeff jeffy answered 2 years ago

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