Your fiRm Has an Available Balance of $913 and a Book

question 25

Multiple Choice

Your firm has an available balance of $913 and a book balance of $1,472. The deposit of $625 that was made today is not yet included in the bank's balance. There are also 3 cheques outstanding.
What is the net float?

• A) -$1,056
• B) -$559
• C) $395
• D) $559
• E) $1,056

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Definitions:

Patient-Visits

A metric in healthcare representing the number of patients who see a healthcare provider within a specific timeframe.

Total Cost

The sum of all costs incurred in the production of goods or services, including direct, indirect, fixed, and variable costs.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing better budgeting accuracy.

Occupancy Expenses

Costs associated with occupying a space, including rent, utilities, and other maintenance fees.