When You Deposit a Check,there Is a Delay Before It

question 91

True/False

When you deposit a check,there is a delay before it gets credited to your bank account.This reduces your available balance compared to your ledger balance.Your net float is the difference between the balance in your company ledger and the balance recognized by your bank.

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Definitions:

Fixed Costs

Costs that do not change with the level of production or sales activity, such as rent, salaries, and insurance.

Seasonal Variation

Fluctuations in business activity, sales, or other economic indicators that occur at regular intervals based on the season.

ACCC

The Australian Competition and Consumer Commission, a regulatory body responsible for enforcing laws to prevent unfair market practices and protect consumer rights.

Market Power

The ability of a company or entity to influence the price and output levels in the market.