Your company has an available balance of $7,911. A deposit of $2,480 that was made this morning is not yet included in the bank's balance. There are also 4 checks outstanding with a value of $325 each. What is the net float?
A) net collection float of $1,180
B) net collection float of $2,480
C) net float of $6,731
D) net disbursement float of $1,300
E) net disbursement float of $2,480
Correct Answer:
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