Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have $11,700 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $2,400. a. Does this create a disbursement

image text in transcribed
You have $11,700 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $2,400. a. Does this create a disbursement or a collection float? b. What is your available balance? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32 . c. What is your book balance? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Development Finance Innovations For Sustainable Growth

Authors: Nicholas Biekpe, Danny Cassimon, Andrew William Mullineux

1st Edition

331954165X, 978-3319541655

More Books

Students also viewed these Finance questions

Question

Compare social roles with gender roles.

Answered: 1 week ago

Question

=+What do you want them to think?

Answered: 1 week ago

Question

=+Why should they buy this product/service?

Answered: 1 week ago