________ refers to funds that have been dispatched by a payer but are not in a form that can be spent by the payee.
A) The cash conversion cycle
B) Float
C) A direct send
D) Lockboxes

Question

Quizplus · Accepted Answer

Float refers to the time between when funds are dispatched by a payer and when they are available for the payee to spend. During this time, the funds are not in a spendable form, as they may still be in the process of clearing through the banking system. This can impact a business's cash management and cash flow. The other options, such as the cash conversion cycle, direct send, and lockboxes, do not directly refer to the concept of funds that are not yet available for spending.

________ Refers to Funds That Have Been Dispatched by a Payer