A Firm's Float Management Policy Is Most Apt to Include

question 66

Multiple Choice

A firm's float management policy is most apt to include which one of the following statements?

• A)All invoices are to be paid the same day they are received.
• B)All outgoing checks are to be delivered by the fastest means possible.
• C)The depository bank needs to process all deposits in accordance with the Check Clearing Act for the 21^st Century.
• D)Any check received is to be held until the customer's account has been updated to record the payment.
• E)Accounts payable processing should be given priority over accounts receivable processing.