Which One of the Following Statements Is Correct

question 26

Multiple Choice

Which one of the following statements is correct?

• A)Net float decreases every time a firm issues a check to pay one of its suppliers.
• B)A positive net float indicates that collection float exceeds disbursements float.
• C)Firms prefer a zero net float over a positive net float.
• D)Net float is equal to collection float minus disbursement float.
• E)Net float is equal to a firm's available balance minus its book balance.

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Definitions:

Real-Estate Agent

A licensed professional who arranges real estate transactions, putting buyers and sellers together and acting as their representative in negotiations.

Commission

A fee or percentage of a sale paid to an employee or agent for their services in facilitating the sale.

Principals

In a legal context, individuals or entities who authorize agents to act on their behalf in contractual or negotiation situations.

Moneys

Forms of currency, including cash and other mediums of exchange, used as a means to purchase goods and services or settle debts.