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As of Monday Morning, the Ledger Balance and the Available

question 80

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As of Monday morning, the ledger balance and the available balance for a firm was $3,000.During the day, the firm wrote three checks in the amounts of $750, $225, and $452.The firm deposited a check for $560 and a check for $258.What is the amount of the collection float as of the end of the day assuming none of these checks have cleared?

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Definitions:

Compassionate

Showing sympathy and concern for the sufferings or misfortunes of others.

Autokinetic Phenomenon

A visual illusion where a stationary point of light in a dark room appears to move due to small involuntary eye movements.

Social Norms

Informal understandings that govern the behavior of members of a society.

Sherif

An influential social psychologist known for his work on understanding group conflicts, social norms, and conformity through the Robbers Cave experiment.

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