A Firm Has $23,630 in Outstanding Cheques That Have Not

question 62

Multiple Choice

A firm has $23,630 in outstanding cheques that have not cleared the bank. The firm also has $31,000 in deposits that have been recorded by the firm but not by the bank. The current available balance is $14,710. What is the status of the net float?

• A) Net collection float of $7,370.
• B) Net collection float of $22,080.
• C) Net collection float of $31,000.
• D) Net disbursement float of $7,370.
• E) Net disbursement float of $22,080.

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Definitions:

Erythropoietin

A hormone produced by the kidneys that stimulates the production of red blood cells in response to hypoxia.

Rate

A measure of how quickly or slowly something happens or changes over a particular period of time.

Fetal Hemoglobin

A type of hemoglobin found in fetuses that has a higher affinity for oxygen than the adult form, facilitating oxygen transfer from the mother to the fetus.

Adult Hemoglobin

A type of hemoglobin that is predominant in adults, consisting of two alpha and two beta chains, and responsible for transporting oxygen from the lungs to the rest of the body.