On an Average Day,a Company Writes Cheques Totaling €1,500

question 29

Multiple Choice

On an average day,a company writes cheques totaling €1,500.These cheques take 7 days to clear.The company receives cheques totaling €1,800.These cheques take 4 days to clear.The cost of debt is 9%. What is the firm's collection float?

• A)€-7,200
• B)€-1,800
• C)€1,800
• D)€10,500
• E)None of the above.

---

Definitions:

Computer-Based Training

A form of education in which students learn by using and completing exercises with instructional software.

Least Expensive

Refers to the option or solution that requires the lowest financial investment or cost.

Least Time-Consuming

Refers to tasks or processes that require the minimal amount of time to complete.

Situational Constraint

External factors that limit or influence an individual's performance or behavior in a given situation.