Spice It Up! Writes 57 Checks a Day with an Average

question 62

Multiple Choice

Spice it Up! writes 57 checks a day with an average amount of $289 each.These checks generally clear the bank in 2.7 days.In addition, the firm generally receives an average of $20,900 a day in checks that are deposited immediately.Deposited funds are available in an average of .5 days.What is the firm's net float?

• A)Net disbursement float of $36,318
• B)Net disbursement float of $34,027.10
• C)Net disbursement float of $34,750.30
• D)Net collection float of $36,318
• E)Net collection float of $34,027.10

---

Definitions:

Acetylcholine Synapses

Junctions between nerve cells where acetylcholine is released as a neurotransmitter to transmit signals across the nervous system.

Addictive

Having the quality of causing someone to become dependent on a substance or activity, often compulsively.

Cognitive

Pertaining to the mental processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Depression

A mental condition characterized by an unrelenting gloomy mood or a disconnection from regular activities, which significantly impairs normal life.