Your Firm Generally Receives 4 Checks a Month

question 37

Multiple Choice

Your firm generally receives 4 checks a month.The check amounts and the collection delay for each check is shown below.Given this information what is the amount of the average daily float? Assume a 30 day month.

• A) $1,120
• B) $2,333
• C) $2,640
• D) $2,900
• E) $3,416

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Definitions:

Prefrontal Cortex

The front part of the frontal lobe of the brain, involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Dysregulation

A condition where there is an impairment in the ability to regulate and control emotions or behaviors appropriately.

Cognitive Behavioral Techniques

Strategies used in cognitive-behavioral therapy to change negative thought patterns and behaviors into more positive ones.

Schizotypal Personality Disorder

A mental condition characterized by severe social anxiety, thought disorder, paranoid ideation, derealization, transient psychosis, and often unconventional beliefs.