You have $11,700 on deposit with no outstanding checks or uncleared deposits. If you deposit a check
Question:
You have $11,700 on deposit with no outstanding checks or uncleared deposits. If you deposit a check for $2,400, does this create a disbursement float or a collection float? What is your available balance? Book balance?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
The available balance is the amount you have on deposit ...View the full answer
Answered By
DANISH ALAM
I have 2 years of teaching experience in physics and mathematics at senior secondary level and 2 years of teaching experience in physics at bachelors level. I am currently enrolled in P.hD in Aligarh Muslim University, Aligarh, India and take classes of bachelors as a part of course curriculum.
0.00
0 Reviews
10+ Question Solved
Related Book For
Essentials Of Corporate Finance
ISBN: 9781265414962
11th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Business questions
-
You have $83,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $24,400. Does this create a disbursement float or a collection float? What is your...
-
You have $19,700 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,300 and then deposit a check for $4,600. What are your disbursement, collection, and net...
-
You have $11,500 on deposit with no outstanding checks or un-cleared deposits. If you deposit a check for $6,200, does this create a disbursement float or a collection float? What is your available...
-
3. (15 pts.) The random variables X and Y have joint density function fxx(x, y) x-?y?, x > 1, y > 1. Compute the cdf and pdf of the random variable U = XY.
-
1. a. Who bears the blame for Damours death? Explain. b. How do we decide where blame lies? 2. a. Were the shoppers guilty of criminal behavior? Explain. b. Immoral behavior? Explain. 3. Did Walmart...
-
On January 1, 2014, Novotna Company purchased $400,000, 8% bonds of Aguirre Co. for $369,114. The bonds were purchased to yield 10% interest. Interest is payable semiannually on July 1 and January 1....
-
The annual salaries for web software development managers are normally distributed, with a mean of about \($136,000\) and a standard deviation of about \($11,500\). Random samples of 40 are drawn...
-
The following transactions were completed by Axiom Management Company during the current fiscal year ended December 31: Feb. 17. Received 25% of the $30,000 balance owed by Gillespie Co., a bankrupt...
-
Duela Dent is single and had $194,400 in taxable income. Use the rates from Table 2.3. Calculate her income taxes. Chrome File Edit View History Bookmarks People Tab Window Help 6 M A @ 100% 47 Wed...
-
A ship's draft is 6.40 meters forward and 6.60 meters aft. FWA=180 mm. The density of the dock water is 1010 kg per cubic meter. If the load mean draft in saltwater is 6.7 meters. Find the final...
-
a. What are the basic components of credit policy? b. Explain what terms of 3/45, net 90 mean. What is the effective interest rate? c. What are the five Cs of credit?
-
a. What is a lockbox? What purpose does it serve? b. What is a concentration bank? What purpose does it serve? c. Is maximizing disbursement float a sound business practice? d. What are some types of...
-
Distinguish between a capital reserve and a revenue reserve.
-
Find and review the Twitter accounts of three reporters: One from a national news organization (CNN, New York Times, Washington Post, etc.) One from a regional/local news organization (Centre Daily...
-
Shariq Malouf is close to being hired for a job he really wants. The position is a project manager in the IT department of a large corporation. He is on his third interview with Alicia Rhodes, who...
-
According to http://www.youtube.com/watch?v=RxsOVK4syxU the poetry interp of Taylor Mali on" What Teachers make" What is the subject of the poem? Was the poem completely memorized? Did the poem act...
-
1. Provide an update on your civic activity. What are you doing? How is it going? What are you observing? Has the activity aligned with your expectations? 2. what are three potential negative...
-
You have successfully negotiated the draft budget with each department head of the Hotel which has no been approved by the director and implemented 6 weeks ago. You have finalised the financial data...
-
Inspect several household products and sketch and describe the manner in which they have been assembled. Comment on any design changes you would make so that their assembly, disassembly, and...
-
H.J. Heinzs annual dividends were as follows: 1990 ..............$0.540 1991.............. 0.620 1992 .............. 0.700 1993.............. 0.780 1994 .............. 0.860 1995 .............. 0.940...
-
Calculating NPV for the cash flows in the previous problem, suppose the firm uses the NPV decision rule. At a required return of 11 percent, should the firm accept this project? What if the required...
-
NPV and the Profitability Index If we define the NPV index as the ratio of NPV to cost, what is the relationship between this index and the profitability index?
-
NPV and the Profitability Index If we define the NPV index as the ratio of NPV to cost, what is the relationship between this index and the profitability index?
-
AN ORDINANCE OF THE BOARD OF COUNTY COMMISSIONERS, POLK COUNTY, FLORIDA, LAND DEVELOPMENT CODE AMENDMENT LDCT2023-13, AMENDING ORDINANCE NO. 00-09, AS AMENDED, (ALSO KNOWN AS THE POLK COUNTY LAND...
-
Ways retirees can uncover hidden costs before moving include: Multiple select question. talk to retirees and other local residents. call the local chamber of commerce. contact the province's tax...
-
Please help with this Accounting type Question: If immediate payment is not made to a partner taking leave from the firm then the due amount is transferred to A . Current account B . Loan account C ....
Study smarter with the SolutionInn App