CJ Enterprises Estimates That It Takes, on Average, Three Days

question 60

Multiple Choice

CJ Enterprises estimates that it takes, on average, three days for their customers' payments to reach them, one day for the payments to be processed and deposited by their bookkeeping department, and two more days for the check to clear once they're deposited. What is their collection float?

• A) 6 days
• B) 5 days
• C) 4 days
• D) 3 days

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Definitions:

Minimum Security Inmates

Prisoners classified as posing the least risk to the public and held in facilities with the most relaxed restrictions.

Nonviolent

Pertaining to methods or strategies that do not involve violence, especially in social or political activism.

First-Time Offenders

Individuals who have been legally charged with a crime for the first time, often considered for lighter sentences or alternative rehabilitation programs.

Positive Attitudes

Mindsets or dispositional outlooks that are optimistic, constructive, or favorable towards certain subjects or situations.