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:

Mexican Unions

Labor organizations in Mexico that represent the interests of workers, involved in negotiating wages, work conditions, and safeguarding workers' rights within various industries and sectors.

Centralized Bargaining

A negotiation process in which a central body, rather than individual employers, negotiates on behalf of multiple employers with a union(s), typically resulting in a collective agreement.

Social Partnership

A form of cooperation between the government, businesses, and trade unions to formulate and implement policies collectively, often focusing on economic and social issues.

Works Council

A body representing employees that exists in some countries, tasked with negotiating working conditions and rights with management.