A Firm Has $16,718 in Outstanding Checks That Have Not

question 94

Multiple Choice

A firm has $16,718 in outstanding checks that have not cleared the bank.The firm also has $13,450 in deposits that have been recorded by the firm but not by the bank.The current available balance is $11,407.What is the status of the net float?

• A)net collection float of $8,138
• B)net collection float of $2,043
• C)net collection float of $13,450
• D)net disbursement float of $3,268
• E)net disbursement float of $5,311

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Definitions:

Endolymph

The fluid of the membranous labyrinth and cochlear duct of the ear.

Sensory Receptors

Specialized cells or proteins in organisms that detect and respond to external stimuli, transmitting sensory information to the nervous system.

Efferent Neurons

Neurons that transmit action potentials from the brain or spinal cord to muscles or glands. Compare with afferent neurons.

Sonar

Sonar is a technique that uses sound propagation (usually underwater) to navigate, communicate, or detect other vessels by sending out pulses of sound and listening for echoes.