A fiRm Has $18,020 in Outstanding Cheques That Have Not

question 193

Multiple Choice

A firm has $18,020 in outstanding cheques that have not cleared the bank. The firm also has $23,500 in deposits that have been recorded by the firm but not by the bank. The current available
Balance is $2,640. What is the status of the net float?

• A) Net collection float of $2,840.
• B) Net collection float of $5,480.
• C) Net collection float of $8,120.
• D) Net disbursement float of $2,840.
• E) Net disbursement float of $5,480.

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Definitions:

Male Menopause

A term used to describe a condition in middle-aged men that may mimic the symptoms of menopause, including changes in mood and libido, due to a gradual decline in testosterone levels.

Testosterone

A steroid hormone primarily found in males, responsible for the development of male reproductive tissues and secondary sexual characteristics.

Middle-aged

A life stage typically ranging from about 45 to 65 years old, often considered a period of transition with specific social, health, and economic implications.

Testosterone Levels

The concentration of the hormone testosterone in the blood, which plays a key role in male physical characteristics and health.