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:

Real Emotions

Authentic feelings that are experienced and expressed genuinely by individuals, as opposed to fabricated or suppressed emotions.

Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Self-actualize

The process of realizing and fulfilling one's talents and potentialabilities.

Basic Needs

Fundamental requirements necessary for individuals to live a healthy and comfortable life, often represented as physiological needs such as food, water, shelter, and safety.