Match the Items Below by Entering the Appropriate Code Letter

question 75

Multiple Choice

Match the items below by entering the appropriate code letter in the space provided.
-A debt that can reasonably be expected to be ____ paid from current assets

• A)Current liability
• B)Notes Payable
• C)Statement of Remuneration Paid (Form T4)
• D)Sales taxes
• E)Contingent liability
• F)Federal and provincial income taxes, CPP, and EI
• G)Canada Pension Plan (CPP)
• H)Employment Insurance
• I)Post-retirement benefits
• J)Pension plan

---

Definitions:

Target Cash Balance

An optimal amount of cash that a company aims to hold to minimize costs while avoiding liquidity issues.

Average Daily Float

The average amount of uncollected funds in a company's bank account, representing checks issued but not yet cleared.

Average Daily Float

Average daily float refers to the average amount of uncollected funds in a company's bank account, essentially representing checks that have been issued but not yet cleared.

Lockbox System

A service offered by banks to companies for the collection of payments from customers, involving the customers sending their payments to a special post office box.