When a firm writes a check,there is an immediate decrease in the ________ balance,but no immediate change in the ________ balance.
A) bank; collected
B) ledger; book
C) bank; ledger
D) book; bank
E) available; book
Correct Answer:
Verified
Q1: The cost of holding cash:
A)is the opportunity
Q3: Firms hold cash to satisfy the transaction
Q4: The fastest but most expensive way for
Q5: Firms would need to hold zero cash
Q6: All the following can create disbursement float
Q7: By getting closer to the source of
Q8: Firms hold cash,in part,to satisfy compensating balance
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
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