Jumpdisk Company Writes Checks Averaging $15,000 a Day, and It

question 140

Multiple Choice

Jumpdisk Company writes checks averaging $15,000 a day, and it takes 5 days for these checks to clear. The firm also receives checks in the amount of $17,000 per day, but the firm loses three days while its receipts are being deposited and cleared. What is the firm's net float in dollars?

• A) $126,000
• B) $ 75,000
• C) $ 32,000
• D) $ 24,000
• E) $ 16,000

---

Definitions:

External Fluids

Liquids that are applied or used outside the body, often for hygiene or medical treatment purposes.

Medial Meniscus Repair

Surgical procedure aimed at fixing tears of the medial meniscus, a key structure in the knee that helps absorb shock and stabilize the joint.

Dependent

An individual who relies on another, especially for financial support, such as a child or elder relative.

Hydrogel

A highly absorbent polymer material that can retain a significant amount of water, used in various medical and consumer products like wound dressings and contact lenses.