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UpTown Beverages has a checkbook balance of $132,462. However, when the financial manager looks up the firm's account on the bank's website, the balance that
UpTown Beverages has a checkbook balance of $132,462. However, when the financial manager looks up the firm's account on the bank's website, the balance that appears is $147,918. What is the net float? Is the net float a collection float or a disbursement float?
A. | $0; neither collection nor disbursement float | |
B. | -$15,456; disbursement float | |
C. | -$15,456; collection float | |
D. | $15,456; collection float | |
E. | $15,456; disbursement float |
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