"Float" Takes Place Because

question 86

Multiple Choice

"Float" takes place because

• A) a firm is early in paying its bills.
• B) the level of cash on the firm's books is equal to the level of cash in the bank.
• C) a lag exists between writing a check and clearing it through the banking system.
• D) a customer writes "hot" checks.

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Definitions:

Drag-And-Drop Feature

An interactive functionality allowing users to click on an object, drag it across the screen, and drop it into a designated area.

Relative Cell Reference

In spreadsheet programs, a cell address expression that changes when it is copied to another location, relative to the position of the target cell.

Exact Cell Address

The specific location of a cell in a spreadsheet, identified by the combination of its column letter and row number.

Absolute Cell Reference

In spreadsheet applications, an absolute cell reference is a cell address that does not change when copied or moved to another cell location.