A Firm's Float Management Policy Is Most Apt to Include

question 66

Multiple Choice

A firm's float management policy is most apt to include which one of the following statements?

• A)All invoices are to be paid the same day they are received.
• B)All outgoing checks are to be delivered by the fastest means possible.
• C)The depository bank needs to process all deposits in accordance with the Check Clearing Act for the 21^st Century.
• D)Any check received is to be held until the customer's account has been updated to record the payment.
• E)Accounts payable processing should be given priority over accounts receivable processing.

---

Definitions:

Collaborative Process

A method in which two or more parties work together towards a common goal, often seen in creative, academic, and business contexts.

RKO Studio

An iconic American film production and distribution company known for its significant contributions to the film industry during the early to mid-20th century.

Jarring

Producing a harsh, discordant sound or a shocking and disturbing effect.

"Happy Ending"

An ending of a story where the characters achieve a desirable outcome, often associated with positive emotions and a sense of fulfillment.