On an Average Day,DDL Enterprises Writes Checks Totalling $1,500

question 29

Multiple Choice

On an average day,DDL Enterprises writes checks totalling $1,500.These checks take an average of 5 days to clear.On an average day,DDL receives checks totalling $1,700 which take 4 days to clear.The cost of debt is 7.5 percent.What is the firm's disbursement float?

• A)−$700
• B)−$6,800
• C)$700
• D)$7,500
• E)$6,800

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Definitions:

Exit Strategy

Determining in advance how to get out of a bad decision, such as having joined a failing family business.

Problem-solving

The process of identifying solutions to specific challenges or obstacles, typically involving analytical or creative thinking.

Emotional Intelligence

The ability to understand and manage one's own emotions, as well as the emotions of others, in interpersonal relationships.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.