Which of the Following Is True of Collection Float

question 209

Multiple Choice

Which of the following is true of collection float?

• A) It represents the time delay between when payment is placed in the mail and when it is received.
• B) It represents the time between receipt of a payment and its deposit into a firm's account.
• C) It results from the lapse between the time when a firm deducts a payment from its checking account ledger and the time when funds are actually withdrawn from its account.
• D) It results from the delay between the time when a customer deducts a payment from the checking account ledger and the time when the vendor actually receives the funds in a spendable form.

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Definitions:

Anti-Theft Posters

Visual or printed materials designed to deter people from committing theft by warning of consequences or invoking moral considerations.

Demographic Variables

Characteristics of populations or segments used in research, such as age, gender, income level, education, and ethnicity.

Helping Behaviour

Actions taken to provide assistance or benefit to another individual or group without expectation of reward.

Size of Hometown

A measurement indicating the geographical area or population size of the place where one grew up or considers their hometown.