On an Average Day,a Company Writes Checks Totaling $1,500

question 22

Multiple Choice

On an average day,a company writes checks totaling $1,500.These checks take 7 days to clear.The company receives checks totaling $1,800.These checks take 4 days to clear.The cost of debt is 9%.What is the firm's disbursement float?

• A) $10,500
• B) -$8,700
• C) $1,800
• D) -$10,500

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Definitions:

Reusable Goods

Products designed to be used multiple times, reducing waste and environmental impact compared to disposable items.

Nondisposable Goods

Products designed for long-term use and not intended to be thrown away after a few uses, such as appliances or furniture.

Durable Good

A type of goods that are not consumed all at once but rather used or consumed over a long period, such as appliances, furniture, and automobiles.

Obsolete

This term refers to products, services, or technologies that have become outdated and replaced by newer, more efficient alternatives.