1. Modos Company has deposited $2,000 in checks received from customers. It as written $1,400 in checks...
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Question:
1. Modos Company has deposited $2,000 in checks received from customers. It as written $1,400 in checks to its suppliers. The initial balance was $400. If $1,600 of its customers checks have been cleared but only $600 of its own, calculate its float. Select one:
A $200
B. $400
C. $300
D. $700
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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