Collection Float Is Made Up of All of the Following,EXCEPT

question 41

Multiple Choice

Collection float is made up of all of the following,EXCEPT:

• A)disbursement float.
• B)processing float.
• C)mail float.
• D)availability float.

---

Definitions:

Operating Profit

Revenue obtained through a company's principal business activities, before subtracting interest and taxes.

Invoice

A paper provided by the seller to the purchaser, listing the items, amounts, and confirmed pricing for goods or services rendered by the seller.

Payment Date

The specific date on which a payment is due or processed.

Cost

The amount of money required to purchase something or to produce a good or service.