Larry Imports Writes Three Checks a Day for an Average

question 39

Multiple Choice

Larry Imports writes three checks a day for an average amount of $11,500 each.These checks generally clear the bank 2.1 days after they are written.In addition, the firm generally receives and deposits checks amounting to $19,500 each day.All deposits are available the next day.What is the firm's net float?

• A)Net collection float of $19,500
• B)Net collection float of $52,950
• C)Net collection float of $91,950
• D)Net disbursement float of $52,950
• E)Net disbursement float of $91,950

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Definitions:

Client-Centered Therapy

A form of psychotherapy developed by Carl Rogers, focusing on the individual's capacity for self-direction and understanding of one's own feelings.

Beck's Cognitive Therapy

A form of therapy developed by Aaron T. Beck that aims to change negative thought patterns to improve mood and behavior.

Integrative Therapy

A therapeutic approach combining multiple theories and techniques from different therapies to fit the needs of the individual client.

Dialectical Behavior Therapy

A type of cognitive-behavioral therapy aimed at teaching people how to live in the moment, develop healthy ways to cope with stress, improve their relationships, and regulate their emotions.