Tanner Tavern Writes Four Checks a Day for an Average

question 81

Multiple Choice

Tanner Tavern writes four checks a day for an average amount of $5,400 each.These checks generally clear the bank four days after they are written.In addition,the firm generally receives and deposits checks amounting to $18,700 each day.All deposits are available on the next day.What is the firm's net float?

• A)Net collection float of $13,200
• B)Net collection float of $18,700
• C)Net collection float of $22,300
• D)Net disbursement float of $67,700
• E)Net disbursement float of $86,400

Recognize the role and impact of significant movements and legislation on racial equality in the U.S.

Identify the persistent challenges and mechanisms of racism and racial inequality.

Understand the physical and cognitive changes that occur across the lifespan.

Grasp the concept of Erikson's psychosocial stages and their significance in developmental psychology.

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Definitions:

Paid-in Capital

The amount of money shareholders have invested in a company in exchange for equity, excluding any earnings retained by the company.

Market Value

The ongoing rate at which a commodity or service is offered for buying or selling in the market.

Dividend Yield

Dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price.

Cash Dividends

Payments made by a corporation to its shareholders in the form of cash out of its earnings.