Roberts Trucking Writes Two Checks a Day for an Average

question 87

Multiple Choice

Roberts Trucking writes two checks a day for an average amount of $17,750 each.These checks generally clear the bank 2.3 days after they are written.In addition, the firm generally receives and deposits checks amounting to $25,650 each day.All deposits are available the next day.What is the firm's net float?

• A)Net collection float of $25,650
• B)Net collection float of $56,000
• C)Net collection float of $107,300
• D)Net disbursement float of $56,000
• E)Net disbursement float of $107,300

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Definitions:

High Power

Refers to individuals or groups that hold substantial control, authority, or influence within a structure or society.

Restructuring

The process of changing the organizational structure, strategies, or operations of a company to improve efficiency or adapt to new conditions.

Strategic Change

Change of a larger scale, such as organizational restructuring.

Operational Change

Adjustments made to the day-to-day operations of an organization, aiming to improve efficiency or effectiveness.