The BDF Co

question 231

Multiple Choice

The BDF Co. receives five cheques per month, each month. The payments and clearing times are: $4,000, two days; $6,000, two days; $3,000, five days; $8,000, three days, and $7,000, four days. Assume a 360-day year.

What is the average daily float?

• A) $1,921
• B) $1,933
• C) $2,033
• D) $2,629
• E) $2,900

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Definitions:

Consequence Introduction

The act of presenting outcomes or repercussions as part of decision-making processes, particularly in teaching and behavior management.

Organizational Learning

The process through which an organization acquires, develops, and transfers knowledge to adapt and improve its performance.

Organizational Effectiveness

The measure of how successfully an organization meets its goals and objectives, often evaluated through productivity, efficiency, and profitability.

Action Learning

A reflective process where participants work on real challenges, applying knowledge and taking action, and learning from their experience as they solve real-world issues.