On an Average Day, a Company Writes Cheques Totaling €1,500

question 22

Multiple Choice

On an average day, a company writes cheques totaling €1,500.These cheques take 7 days to clear. The company receives cheques totaling €1,800.These cheques take 4 days to clear.The cost of
Debt is 9%.
What is the firm's net float?

• A)€-3,300
• B)€-300
• C)€300
• D)€3,300
• E)None of the above.

---

Definitions:

Job Interview

A formal meeting in which a potential employer evaluates a job applicant's qualifications, personality, and ability to fit within the company.

Pressure

The force applied perpendicular to the surface of an object per unit area over which that force is distributed. In a broader sense, it may also refer to psychological stress or urgency.

Change

The process or act of making or becoming different, applicable to wide-ranging contexts from personal growth to global transformations.

Frustration

A feeling of irritation or annoyance due to being unable to achieve one’s goals or overcome obstacles.