The Financial Manager of a Firm Does Not Maintain a Ledger

question 113

Multiple Choice

The financial manager of a firm does not maintain a ledger balance but refers to the bank balance as it appears online to determine the amount of funds in the firm's checking account. What is the financial manager ignoring?

• A) Bank fees
• B) Direct deposits
• C) Float
• D)Customer checks returned for insufficient funds

---

Definitions:

Sweat Glands

Specialized exocrine glands in the skin that produce sweat, helping in thermoregulation and excretion.

Neuron Cell Bodies

The part of a neuron that contains the nucleus and most of the cytoplasm and where the metabolic work of the cell is carried out.

Cerebral Cortex

The outer layer of neural tissue of the cerebrum of the brain, involved in many complex brain functions including memory, attention, perceptual awareness, thought, language, and consciousness.

Somatic Motor Nervous System

A part of the peripheral nervous system that transmits signals from the central nervous system to skeletal muscles, controlling voluntary movements.