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

Understand the principles and legal framework of Alternative Dispute Resolution (ADR) including arbitration and mediation.

Recognize the advantages and disadvantages of ADR over traditional litigation.

Identify the circumstances under which arbitration is preferred and its enforceability within legal and contractual contexts.

Distinguish between different types of ADR (arbitration, mediation, negotiation) and their respective processes and outcomes.

---

Definitions:

Urethral Catheter

A flexible tube inserted through the urethra into the bladder to drain urine.

Cardiovascular Angiography

A medical imaging technique used to visualize the inside of blood vessels and organs of the heart, employing a special dye and X-rays to detect blockages or abnormalities.

Blood Flow

The continuous circulation of blood in the cardiovascular system through the heart and blood vessels.

Aneurysm

The abnormal enlargement or bulging of an artery due to weakness in the vessel wall, potentially leading to rupture.