Jumpdisk Company Writes Checks Averaging $15,000 a Day, and It

question 44

Multiple Choice

Jumpdisk Company writes checks averaging $15,000 a day, and it takes 5 days for these checks to clear. The firm also receives checks in the amount of $17,000 per day, but the firm loses three days while its receipts are being deposited and cleared. The firm's net float in dollars is:

• A) $126,000.
• B) $75,000.
• C) $32,000.
• D) $24,000.
• E) $16,000.

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Definitions:

Risk Factor

Anything that increases the likelihood of developing a disease or injury.

Depression

A common mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Defence Mechanism

A psychological strategy used unconsciously by individuals to protect themselves from anxiety or social sanctions and to manage emotional conflicts.

Undoing

A psychological defense mechanism where an individual attempts to 'undo' an unacceptable thought or action by acting in a manner that counterbalances or negates it.