You have $14,300 on deposit with no outstanding checks or uncleared deposits. If you deposit a check
Question:
You have $14,300 on deposit with no outstanding checks or uncleared deposits. If you deposit a check for $5,100, 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: 50% (8 reviews)
Input Area Amount on depos...View the full answer
Answered By
Rohail Amjad
Experienced Finance Guru have a full grip on various sectors, i.e Media, Insurance, Automobile, Rice and other Financial Services.
Have also served in Business Development Department as a Data Anlayst
4.70+
32+ Reviews
83+ Question Solved
Related Book For
Essentials of Corporate Finance
ISBN: 978-0078034756
8th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Corporate Finance questions
-
You have $35,400 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,700 and then deposit a check for $6,300. What are your disbursement, collection, and net...
-
You have $165,000 on deposit with no outstanding checks or un-cleared deposits. One day you write a check for $48,000. Does this create a disbursement float or a collection float? What is your...
-
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...
-
The Illinois State University Alumni Association is having two Baseball Day events this year. The purpose of the events is to both foster relationships between ISU alums and to also raise money for...
-
You have found three investment choices for a one-year deposit: 10% APR compounded monthly, 10% APR compounded annually, and 9% APR compounded daily. Compute the EAR for each investment choice....
-
If you were running an airport, outsource and why? which of the following activities would you 1 Baggage handling 5 2 The fire service 6 3 Catering 7 4 Newsagency 8 Airport information Car park...
-
How does purpose-driven marketing for Secret deodorant relate to the hierarchy of needs concept detailed in Chapter 5?
-
The following elements of stockholders' equity are from the balance sheet of Sneed Marketing Corp. at December 31, 2017: Sneed paid no preferred dividends in 2017. Requirements 1. Compute the...
-
Imperial Jewellers is considering a special order for 20 handcrafted gold bracelets for a wedding. The gold bracelets are to be given as gifts to members of the wedding party. The normal selling...
-
This question considers pruning in games with chance nodes. Figure 5.19 shows the complete game tree for a trivial game. Assume that the leaf nodes are to be evaluated in left-to-right order, and...
-
Sach, Inc., expects to sell 700 of its designer suits every week. The store is open seven days a week and expects to sell the same number of suits every day. The company has an EOQ of 500 suits and a...
-
You have $27,900 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,300 and then deposit a check for $5,400. What are your disbursement, collection, and net...
-
Computer Depot purchases one model of computer at a wholesale cost of $ 300 per unit and resells it to end consumers. The annual demand for the companys product is 600,000 units. Ordering costs are $...
-
The air in an automobile tire with a volume of \(0.015 \mathrm{~m}^{3}\) is at \(30^{\circ} \mathrm{C}\) and \(140 \mathrm{kPa}\) (gage). Determine the amount of air that must be added to raise the...
-
Convex Productions has just received a contract to film a commercial video that will air during a major sporting event in North America, and then be available on-demand through banner advertisements...
-
The following data (and annotations) for March 2016 are for the work in process account of the first of Olympus Companys four departments used in manufacturing its nly product. Assuming that Olympus...
-
If relative volatility can be assumed constant over the change in concentration for each fraction, Eq. \((9-13)\) can be adapted to the collection of fractions from a simple binary batch...
-
(a) Design a PI controller for Problem 8.6-4(b). (b) Design a PD controller for Problem 8.6-4(c). (c) Use the results of parts (a) and (b) to repeat Problem 8.6-4(d). Problem 8.6-4(b) (c) (d) (b)...
-
Which of the preceding questions can you answer using positive economics? For which of the preceding questions must you use normative economics?
-
Use a calculator to evaluate the expression. Round your result to the nearest thousandth. V (32 + #)
-
You're trying to determine whether or not to expand your business by building a new manufacturing plant. The plant has an installation cost of $12.5 million, which will be depreciated straight-line...
-
A firm evaluates all of its projects by applying the IRR rule. If the required return is 11 percent, should the firm accept the following project? Year Cash Flow 0 $168,500 1 86,000 2 91,000 3 53,000
-
Seth Bullock, the owner of Bullock Gold Mining, is evaluating a new gold mine in South Dakota. Dan Dority, the company's geologist, has just finished his analysis of the mine site. He has estimated...
-
An underlying asset price is at 100, its annual volatility is 25% and the risk free interest rate is 5%. A European call option has a strike of 85 and a maturity of 40 days. Its BlackScholes price is...
-
Prescott Football Manufacturing had the following operating results for 2 0 1 9 : sales = $ 3 0 , 8 2 4 ; cost of goods sold = $ 2 1 , 9 7 4 ; depreciation expense = $ 3 , 6 0 3 ; interest expense =...
-
On January 1, 2018, Brooks Corporation exchanged $1,259,000 fair-value consideration for all of the outstanding voting stock of Chandler, Inc. At the acquisition date, Chandler had a book value equal...
Study smarter with the SolutionInn App