Which of the Following Best Describes the Availability Float

question 102

Multiple Choice

Which of the following best describes the availability float?

• A) how long it takes the firm to process the check and deposit it in the bank
• B) how long it takes before the bank gives the firm credit for the funds
• C) how long it takes before payments to suppliers actually result in a cash outflow for the firm
• D) how long it takes for a firm to be able to use funds after a customer has paid for its goods

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