Which of the Following Best Describes the Collection Float

question 40

Multiple Choice

Which of the following best describes the collection float?

• A) how long it takes the firm to receive the check after the customer has mailed it
• B) how long it takes the firm to process the check and deposit it in the bank
• C) how long it takes before the bank gives the firm credit for the funds
• D) how long it takes for a firm to be able to use funds after a customer has paid for its goods

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Definitions:

Developmental Stages

The distinct phases of growth and development an individual undergoes from infancy through adulthood, involving both physical and psychological changes.

Planning Goals

The process of identifying specific objectives to be achieved within a set period.

Vague

Lacking in clarity, specificity, or detail, often resulting in ambiguity or misunderstanding.

Homelessness

The condition of lacking stable, permanent, and appropriate housing, impacting individuals and families globally.