The Amount of Checks That Have Been Received and Deposited

question 53

Multiple Choice

The amount of checks that have been received and deposited but have not yet been made available to the account in which they were deposited is the _____ float.

• A) disbursement
• B) net
• C) collections
• D) balance
• E) deposit

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Definitions:

Specialised Equipment

Equipment designed for a specific purpose or unique task, often requiring specific skills or technology to operate effectively.

Fixed Overhead

Costs associated with operating a business that do not change in relation to production volume or sales, such as rent, salaries, and insurance.

Units of Production

A measure of output where production volume is quantified in terms of individual units produced.

Monthly Fixed Costs

Regular, unchanging expenses incurred by a business each month regardless of the level of production or sales, such as rent, salaries, and insurance premiums.