On Any Given Day, Casey's Receives Numerous Checks Worth an Average

question 85

Multiple Choice

On any given day, Casey's 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 $4,800 that generally take 2 days to clear the bank. What is the amount of the disbursement float?

• A) $150
• B) $400
• C) $9,450
• D) $9,600
• E) $9,850

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Definitions:

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Cross-Price Elasticity

A measure of how the quantity demanded of one good responds to a change in price of another good, indicating substitutability or complementarity between products.

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