The difference between available cash and book cash is called:
A) float.
B) disbursement float.
C) surplus.
D) collection float.
E) the net deficit.
Correct Answer:
Verified
Q9: Average daily float can be calculated as:
A)Average
Q10: Which one of these probably has reduced
Q11: Determining the appropriate cash balance involves assessing
Q12: Net collection float means the:
A)book balance is
Q13: Most large firms hold a larger cash
Q15: Collection float includes:
A)availability delay and processing delay
Q16: Which one of the following related to
Q17: Collection float increases:
A)disbursement float.
B)the bank balance.
C)the book
Q18: Checks written by a firm are said
Q19: An appropriate cash balance is reached when
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