Net collection float means the:
A) book balance is greater than the ledger balance.
B) the available balance is less than the book balance.
C) disbursement float equals the book cash.
D) disbursement float exceeds the collection float.
E) collection float equals the disbursement float.
Correct Answer:
Verified
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
Q13: Most large firms hold a larger cash
Q14: The difference between available cash and book
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
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