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

question 37

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 net float?

• A)€-3,300
• B)€-300
• C)€300
• D)€3,300
• E)None of the above.

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Definitions:

Servicing A/C Systems

The maintenance and repair processes involved in ensuring the optimal functioning of air conditioning systems, typically involving refrigerant handling, leak detection, and performance checks.

Vacuum Pump

A device that removes gas molecules from a sealed volume to create a partial vacuum, often used in automotive and industrial applications.

A/C System

Air Conditioning System, a system for controlling the humidity, ventilation, and temperature in a vehicle or building.

Boil Point

The temperature at which a liquid turns to vapor.