Modos Company Has Deposited $3,500 in Checks Received from Customers

question 135

Multiple Choice

Modos Company has deposited $3,500 in checks received from customers. It has written $1,400 in checks to its suppliers. The initial bank and book balance was $600. If $1,600 of its customers' checks have cleared, but only $600 of its own, calculate its float.

• A) $1,200
• B) $1,100
• C) $300
• D) $700

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Definitions:

Unfreezing Process

The initial stage of change in an organization, aiming to dismantle existing mindsets and strategies.

Survival Anxiety

A motivational factor that drives individuals or organizations to change due to the fear of failure or extinction.

Current Behaviours

Observable actions or conduct of individuals in the present, often assessed in organizational contexts for performance evaluations or development planning.

Double-Loop Learning

A learning process where, in addition to making adjustments based on errors, underlying policies and objectives are also questioned and potentially altered.