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

question 9

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. What is Jumpdisk's net float?

• A)$126,000
• B)$75,000
• C)$4,000
• D)$24,000
• E)$51,000

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Definitions:

Nonsense Syllables

A set of strings of letters that do not follow the phonetic rules of any language and have no meaning, often used in memory and learning experiments.

Encoding Failure

A situation in which information does not enter the long-term memory from the short-term or working memory, often leading to forgetting.

Source Amnesia

The inability to recall when, where, or how previously learned information has been acquired, while retaining the factual knowledge.

Retroactive Interference

A memory phenomenon where newly learned information interferes with and impairs the recall of previously learned information.