Which One of the Following Statements Is Correct

question 26

Multiple Choice

Which one of the following statements is correct?

• A)Net float decreases every time a firm issues a check to pay one of its suppliers.
• B)A positive net float indicates that collection float exceeds disbursements float.
• C)Firms prefer a zero net float over a positive net float.
• D)Net float is equal to collection float minus disbursement float.
• E)Net float is equal to a firm's available balance minus its book balance.

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Definitions:

California

A diverse and populous state located on the Pacific coast of the United States, known for its significant economic, cultural, and political influence.

Government Revenue

The total income received by the government from taxes and non-tax sources.

Import Quota

Government-imposed limit on the quantity of a particular good that can be imported into a country.

Trucks

Big vehicles built for the purpose of moving merchandise over highways.