On an Average Day, Your fiRm Writes 20 Cheques with an Average

question 73

Multiple Choice

On an average day, your firm writes 20 cheques with an average amount of $430. These cheques clear your bank in an average of 4 days. What is the average amount of your disbursement float?

• A) $1,720
• B) $2,150
• C) $8,600
• D) $17,200
• E) $34,400

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Definitions:

Set Point

A theory suggesting that the body maintains its weight and energy reserve at a particular level, which is predetermined by genetics.

Homeostasis

The tendency of a biological system to maintain stable internal conditions despite external changes.

Optimal Weight

Optimal Weight refers to an individual's weight considered ideal for health and well-being, taking into account factors like height, age, muscle-fat ratio, and bone density.

Equilibrium

A state of balance or stability within a system, achieved when all forces acting upon it are equal.