You have $83,000 on deposit with no outstanding checks or uncleared deposits. One day you write a

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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 available balance? Book balance?

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Essentials Of Corporate Finance

ISBN: 9781265414962

11th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Jan 02, 2023 07:08 AM

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You have $83,000 on deposit with no outstanding checks or uncleared deposits. One day you write a

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Essentials Of Corporate Finance

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