Which one of these statements is correct?
A) Mailing time affects both collections and disbursements float.
B) A positive net float indicates that collection float exceeds disbursements float.
C) A zero net float is preferred by companies over a positive net float.
D) Net float is equal to collection float minus disbursement float.
E) Mailing time is a component of disbursement float.
Correct Answer:
Verified
Q3: Which one of the following enabled checks
Q4: Collection float:
A) is more desirable to companies
Q5: The cash used to make change when
Q6: Disbursements float:
A) occurs when a deposit is
Q7: GT Motors regularly issues short-term debt to
Q9: Check kiting, or systematically overdrawing accounts, is:
A)
Q10: Float is defined as the:
A) amount of
Q11: Financial electronic data interchange (FEDI):
A) electronically processes
Q12: Which one of the following is the
Q13: A lockbox is a:
A) special safe used
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