Which One of the Following Statements Is True Concerning Collection

question 339

Multiple Choice

Which one of the following statements is true concerning collection float?

• A) Cheques received by the firm create collection float.
• B) Collection float is desirable because it means that the bank thinks the firm has more cash than it really does.
• C) The benefits of reducing collection float are not particularly significant.
• D) When collection float increases, net float decreases.
• E) Collection float increases when a lockbox system is implemented.

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Definitions:

OpenReport

A command or function in Microsoft Access used to open a report object, which displays data from the database in a structured manner.

Macro Action

A predefined action or set of actions that can be executed to automate repetitive tasks in software applications.

Report Name

The title or identifier given to a report, which is typically used in databases or information systems to describe the content or purpose of the report.

Run Button

A button in software development environments that initiates the execution of a program or script.