You have $165,000 on deposit with no outstanding checks or un-cleared deposits. One day you write a
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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 available balance? Book balance?
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The available balance is the amount you have on dep...View the full answer
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Related Book For 
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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