Al's Bakery Has a Checkbook Balance of $1,650

question 108

Multiple Choice

Al's Bakery has a checkbook balance of $1,650.A $700 deposit was made today and will be added to the available balance tomorrow.There are two outstanding checks that total to $623.There are no other outstanding items.Which one of the following statements accurately reflects this situation?

• A)The disbursement float is $1,650.
• B)The firm's current available balance is equal to $1,650 plus $700 minus $623.
• C)The firm's collection float exceeds its disbursement float.
• D)The firm's available balance is greater than its book balance.
• E)The firm has a net disbursement float.

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Definitions:

Symbolic Systems

Complex sets of symbols and rules for combining them that are used for communication, thinking, and cultural representation.

Natural Selection

The evolutionary process by which organisms better adapted to their environment tend to survive and produce more offspring.

Behavioral Phenotypes

Observable characteristics or behaviors that result from the interaction of genotype and environment.

Canalized

A process by which the genetic development of an organism is guided by the environment so that a certain phenotype is produced regardless of variability in the environment or genetics.