A Manager Estimates That Her Firm Benefits from an Average

question 20

Multiple Choice

A manager estimates that her firm benefits from an average float time of 6 days.Which of the following is true if the firm averages $15,000 per day in payments?

• A) The firm is losing interest on $90,000 per year.
• B) The firm's ledger balance averages $90,000 more than the bank's ledger balance.
• C) The firm has $45,000 in net float.
• D) The available balance at the bank is $90,000 greater than shown on the firm's books.

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Definitions:

Functional Résumé

Format that emphasizes skills and capabilities while identifying employers and academic experience in subordinate sections; many recruiters view this format with suspicion.

Skills And Capabilities

The abilities and competencies that enable an individual to perform tasks or jobs effectively.

Career Gaps

Periods of unemployment in an individual's work history, often explained by personal choice, study, or other reasons.

Résumé Purpose

The objective of a résumé, which is to provide a summary of one's qualifications and experiences for potential employers.