On Any Given Day, Daisy's Receives and Deposits Numerous Checks

question 68

Multiple Choice

On any given day, Daisy's receives and deposits numerous checks worth an average combined total of $3,428.The funds from these checks are generally available in 1.6 days.Every day the firm mails out checks totaling $2,850 that generally take 1.9 days to clear the bank.What is the amount of the disbursement float if the opening bank balance was $945 with no outstanding items?

• A)$5,388
• B)$5,505
• C)$4,560
• D)$5,415
• E)$5,700

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Performance measurement based on qualities that cannot be numerically measured, such as customer satisfaction or employee morale.

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