PBJ Enterprises Estimates That It Takes, on Average, Three Days

question 54

Multiple Choice

PBJ Enterprises estimates that it takes, on average, three days for their customers' payments to reach them, three days for the payments to be processed and deposited by their bookkeeping department, and three more days for the checks to clear once they're deposited. What is their collection float?

• A) 5 days
• B) 6 days
• C) 9 days
• D) 18 days

---

Definitions:

Windows Explorer

A file management application included with Windows operating systems that provides a graphical user interface for accessing files, folders, and drives.

Message Header

The section of an email or message that contains metadata such as the sender, recipient, date, and subject.

Primary Recipient(s)

The main addressees of a message or email, intended as the direct targets of the communication.

Signature Line

A space or line in a document where an individual's signature is written, indicating agreement or consent.