For a firm that makes heavy use of float, being able to forecast its collections and disbursement check clearings is essential.

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This statement is true. For a firm that relies on float, accurate forecasting of collections and disbursement check clearings is crucial in order to manage their cash effectively and optimize their float utilization. Without accurate forecasts, the firm may end up with cash shortfalls or surpluses, which can impact their ability to meet their financial obligations and take advantage of investment opportunities.

For a Firm That Makes Heavy Use of Float, Being