Average Daily Collection of Cheques for a Firm Is $50,000

question 93

Multiple Choice

Average daily collection of cheques for a firm is $50,000.The firm also writes on the average $35,000 of cheques daily.If the collection period for cheques is 5 days, calculate the net float.

• A)-$75,000
• B)$75,000
• C)($425,000)
• D)$425,000 Payment float = 35,000 x 5 = 175,000
• Availability float = 50,000 x 5 = 250,000

---

Definitions:

Birth

The process of giving life through the emergence of a newborn from the body of its mother; the beginning of life outside the uterus.

Prepared Childbirth Methods

Techniques and education designed to prepare expectant mothers and families for labor and delivery, emphasizing pain management without drugs and reducing anxiety through knowledge.

Education

The process of receiving or giving systematic instruction, especially at a school or university.

Relaxation

A state of reduced tension and stress, often achieved through specific techniques or activities.