Morris & Morris Writes Three Checks a Day for an Average

question 3

Multiple Choice

Morris & Morris writes three checks a day for an average amount of $16,410 each.These checks generally clear the bank 2.5 days after they are written.In addition,the firm generally receives and deposits checks amounting to $21,618 each day.All deposits are available the next day.What is the firm's net float?

• A)Net collection float of $21,618
• B)Net collection float of $101,457
• C)Net collection float of $144,693
• D)Net disbursement float of $101,457
• E)Net disbursement float of $144,693

---

Definitions:

Driving Forces

Factors or influences that contribute to the momentum and direction of change in an organization or system.

Timmons Model

A model of entrepreneurship that emphasizes the dynamic balance between opportunity, resources, and team, with an entrepreneur at the center managing these elements.

Sustainability

The practice of maintaining processes or systems, notably in environmental, economic, and social contexts, in a way that prevents the depletion of natural resources, ensuring long-term ecological balance.

Lifestyle Ventures

Businesses started primarily to fulfill the personal goals and interests of the founder rather than to achieve high financial growth.