Your chequebook shows you have a $10,000 balance in your account. You write cheques totaling $4,000 and make a deposit of $6,000. What is your collection float?
A) -$2,000
B) -$4,000
C) -$6,000
D) -$7,000
E) -$8,000
Correct Answer:
Verified
Q179: Picard Industries requires $250,000 a week to
Q180: Randolf received three cheques this month. The
Q181: On an average day, Finley, Inc. receives
Q182: Your firm receives 30 cheques from customers
Q183: Your chequebook shows you have a $10,000
Q185: When you reconciled your chequebook, you had
Q186: Cabin Plans Here generally receives four cheques
Q187: North Woods Auto Supply is considering implementing
Q188: On an average day, your firm receives
Q189: Your firm generally receives 5 cheques a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents