On Average,your Firm Receives 65 Checks a Day from Customers

question 68

Multiple Choice

On average,your firm receives 65 checks a day from customers.These checks,on average,are worth $39.90 each and clear the bank in 1.5 days.In addition,your firm disburses 38 checks a day with an average amount of $89.50.These checks clear your bank in 2 days.What is the average amount of the collection float?

• A)$2,473.80
• B)$3,401.00
• C)$3,890.25
• D)$5,101.50
• E)$6,802.00

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Definitions:

Political Parties

Organized groups of people with similar political ideologies and goals, working together to influence public policy and governance through elections.

Single-Member Plurality System

An electoral system in which candidates compete for a single seat from each constituency, and the candidate receiving the most votes wins, even if not achieving an absolute majority.

Two-Party System

A political system in which two major political parties dominate the government.

Political Socialization

The process through which individuals acquire their political beliefs, values, attitudes, and behaviors, often influenced by family, education, media, and peers.