Which of the Following Best Describes the Availability Float

question 68

Multiple Choice

Which of the following best describes the availability float?

• A)how long it takes before payments to suppliers actually result in a cash outflow for the firm
• B)how long it takes before the bank gives the firm credit for the funds
• C)how long it takes the firm to process the check and deposit it in the bank
• 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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Definitions:

Peremptory Challenges

In legal proceedings, these are rights allowing attorneys to reject a certain number of potential jurors without stating a reason.

Summons

A legal document issued by a court or administrative agency requiring the person named on it to appear in court at a specified time and place.

Interrogatory

A written question which one party sends to another in a lawsuit, requiring a written answer as part of pre-trial discovery.

Complaint

The pleading in a civil case in which the plaintiff states his claim and requests relief.