Your Firm Has an Available Balance of $913 and a Book

question 178

Multiple Choice

Your firm has an available balance of $913 and a book balance of $1,472. The deposit of $625 that was made today is not yet included in the bank's balance. There are also 3 cheques outstanding. What is the net float?

• A) -$1,056
• B) -$559
• C) $395
• D) $559
• E) $1,056

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Definitions:

Psychological Distress

A general state of emotional suffering or discomfort often characterized by symptoms of anxiety or depression, without a specific underlying medical condition.

Life Changes

Significant transitions or alterations in an individual's circumstances, which can impact their lifestyle, relationships, or mental health.

Constructive Coping

Strategies used to deal with stress in a positive manner that promotes growth and problem solving.

High Level Of Stress

A condition resulting from situations that are perceived as demanding or threatening, leading to physical and psychological strain.