Multiple Choice
On an average day, your firm writes 33 cheques for an average amount of $210. These cheques clear the bank in 2 days. What is the average amount of your disbursement float?
A) $1,838
B) $3,465
C) $4,465
D) $6,930
E) $13,860
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: Provide a definition for lockboxes.
Q4: The Lawrence Stone-Age Pottery Co. receives 50
Q5: The Eliot Co. needs $210,000 a week
Q6: BullsNBears, a purveyor of financial databases, estimates
Q7: Collection float in general has decreased over
Q9: To use the BAT model of cash
Q10: A company receives an average of 280
Q11: The average daily float is equal to:<br>A)
Q12: Arshadi Wineries is considering the purchase of
Q13: Exclusive, Inc. deals strictly with two customers.