As of Monday Morning, the Ledger Balance and the Available

question 74

Multiple Choice

As of Monday morning, the ledger balance and the available balance for a firm was $3,600. During the day, the firm wrote 3 checks in the amounts of $230, $590, and $870. The firm deposited a check for $360 and a check for $910. What is the amount of the collection float as of the end of the day?

• A) $420
• B) $580
• C) $840
• D) $1,270
• E) $1,690

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Definitions:

Evaluating

The process of assessing or judging the quality, importance, or value of something.

Five-Stage View of Change

A conceptual framework suggesting that change occurs in five distinct stages: precontemplation, contemplation, preparation, action, and maintenance.

Rogers

Refers to Carl R. Rogers, an influential American psychologist known for his contributions to humanistic psychology and the client-centered approach.

Havelock

Refers to Ronald G. Havelock, a scholar known for his work on the theory and implementation of change, particularly the Change Agent Model.