A Firm Has $16,718 in Outstanding Checks That Have Not

question 94

Multiple Choice

A firm has $16,718 in outstanding checks that have not cleared the bank.The firm also has $13,450 in deposits that have been recorded by the firm but not by the bank.The current available balance is $11,407.What is the status of the net float?

• A)net collection float of $8,138
• B)net collection float of $2,043
• C)net collection float of $13,450
• D)net disbursement float of $3,268
• E)net disbursement float of $5,311

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Definitions:

Less Developed Countries

Nations with a lower level of material well-being, often characterized by low GDP per capita, poor infrastructure, and a high level of poverty.

Environment Concern

pertains to issues and anxiety related to the preservation and protection of the natural environment.

Acid Rain

Precipitation containing harmful amounts of sulfuric and nitric acids, primarily resulting from human activities such as the burning of fossil fuels.

Biodiversity

The variety and variability of life forms within a given ecosystem, region, or for the entire Earth, important for maintaining ecological balance.