A fiRm Has $33,080 in Outstanding Checks That Have Not

question 358

Multiple Choice

A firm has $33,080 in outstanding checks that have not cleared the bank. The firm also has $26,000 in deposits that have been recorded by the firm but not by the bank. The current available
Balance is $19,290. What is the status of the net float?

• A) Net collection float of $6,710.
• B) Net collection float of $7,080.
• C) Net collection float of $13,790.
• D) Net disbursement float of $6,710.
• E) Net disbursement float of $7,080.

---

Definitions:

Instinctive Behavior System

Behaviors that are innate, occurring naturally and automatically in response to specific stimuli.

Constraints

Limitations or restrictions that define the conditions or rules within which operations or processes occur.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences, often as a result of study, instruction, or experience.

Conditioned Response

The learned response to the conditioned stimulus that occurs after conditioning has taken place.