The Float Is Defined As

Multiple Choice

The float is defined as:

A) the time between when payables are accrued and when they are paid.
B) the time between when the sale is made and when the money is available for use by the receiving firm.
C) the time between when payment is initiated and the time the money is available for use by the receiving firm.
D) the time between when sale is made and the time the payment cheque is issued to the receiving firm.