Jumpdisk Company Writes Checks Averaging $15,000 a Day, and It

question 140

Multiple Choice

Jumpdisk Company writes checks averaging $15,000 a day, and it takes 5 days for these checks to clear. The firm also receives checks in the amount of $17,000 per day, but the firm loses three days while its receipts are being deposited and cleared. What is the firm's net float in dollars?

• A) $126,000
• B) $ 75,000
• C) $ 32,000
• D) $ 24,000
• E) $ 16,000

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Definitions:

Showing Personal

Demonstrating individual qualities or attributes that are unique to oneself in various contexts.

Behaviour Modelling

A training technique that involves demonstrating desired behaviors and allowing trainees to practice and replicate them.

Off-the-Job Training

Training conducted in an environment separate from the actual work place, often involving simulations, courses, or online learning.

Similar Techniques

Methods or procedures that share common characteristics or outcomes, often used interchangeably or in combination to achieve a specific goal.