On Any Given Day,Athens Florist Receives Numerous Checks Worth an Average

question 72

Multiple Choice

On any given day,Athens Florist receives numerous checks worth an average combined total of $6,300.The funds from the deposited checks are generally available in 1.5 days.Every day the firm mails out checks totaling $4,600 that generally take 2 days to clear the bank.What is the amount of the disbursement float?

• A)$150
• B)$6,900
• C)$9,150
• D)$9,200
• E)$9,850

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Definitions:

Yearly Licensing Fee

An annual charge paid to obtain the rights to use a particular piece of intellectual property, software, or other specific products/services.

Market Price

The ongoing rate at which an asset or service is offered for buying or selling in a certain market.

Short Run

A period in economics during which at least one input or resource is fixed, limiting immediate capacity adjustments.

Zero Economic Profit

A condition in which a firm's total revenue equals its total costs, implying normal profit but no excess profit over what is considered normal in the industry.