You have $95,000 on deposit with no outstanding checks or uncleared deposits. One day you write a
Question:
You have $95,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $24,300. 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: 77% (9 reviews)
Input Area Amount on deposi...View the full answer
Answered By
Vincent Omondi
I am an extremely self-motivated person who firmly believes in his abilities. With high sensitivity to task and operating parameters, deadlines and keen on instructions, I deliver the best quality work for my clients. I handle tasks ranging from assignments to projects.
4.90+
109+ Reviews
314+ Question Solved
Related Book For
Essentials of Corporate Finance
ISBN: 978-1259277214
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Cost Accounting questions
-
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...
-
You have $12,700 on deposit with no outstanding checks or uncleared deposits. If you deposit a check for $2,400, does this create a disbursement float or a collection float? What is your available...
-
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...
-
Label all the bars in the truss of Figure 4.13 that are unstressed when the 60-kip load acts. Figure 4.13 60 kips B 0 MOL K J D 180 kips E - F G H 120 kips
-
The essential problems of attempts to classify financial reporting practices across the world are related to the suitability of the data upon which such classifications have been based. Comment.
-
An investment has a 50 percent chance of generating a 10 percent return and a 50 percent chance of generating a 16 percent return. What is the investments average expected rate of return? a. 10...
-
You have the following information about a midwest city. Calculate the ratios of fund balance to revenues and determine if they are favorable or unfavorable. General Fund \(\$ 62\) million Unreserved...
-
Consider a three- firm supply chain consisting of a retailer, manufacturer, and supplier. The retailers demand over an 8- week period was 100 units each of the first 2 weeks, 200 units each of the...
-
On January 1, 2024, HGC Camera Store adopted the dollar-valueLIFO retail inventory method. Inventory transactions at both costand retail, and cost indexes for 2024 and 2025 are as follows:2024 2...
-
1. Which of the two basic reporting approaches for the cash flows from operating activities did Lowes use? Is this the same as what The Home Depot used? 2. What amount of cash did Lowes receive from...
-
You have recently been hired by Piepkorn Manufacturing to work in its newly established treasury department. Piepkorn Manufacturing is a small company that produces cardboard boxes in a variety of...
-
Clap Off Manufacturing uses 1,150 switch assemblies per week and then reorders another 1,150. If the relevant carrying cost per switch assembly is $6.75 and the fixed order cost is $425, is the...
-
In Exercises a distance-time graph is shown. (a) Estimate the slopes of the secants PQ 1, PQ 2 , PQ 3 , and PQ 4 , arranging them in order in a table. What is the appropriate unit for these slopes?...
-
How would you import a relational model design and generate a logical model from a relational model?
-
Could you kindly provide a pseudo-code implementation for the Three-Frame Differencing (TFD) technique, a method often employed in computer vision for motion detection and tracking?
-
How do organizations align performance management systems with strategic objectives and organizational goals, ensuring coherence and consistency in evaluating individual and team contributions to...
-
Consider that the ball has an initial speed of 40 m/s and is struck at an angle of 50 with respect to the horizontal. What is the ball's horizontal velocity? Answer to the nearest tenths place.
-
The forecast including trend (FIT) of 110 is composed of Ft = 100 units, a Tt = 10 units, an alpha (a) of 0.20, and a delta(6 of 0.50. If actual demand turned out to be 120, calculate the forecast...
-
What if we were interested in the distribution of momenta (p = mv), for the classical harmonic oscillator (Problem 1.11(b)). (a) Find the classical probability distribution (p) (note that p ranges...
-
Imagine that your best friend knows you are taking a psychology course and wonders what psychology is all about. How would you define psychology for your friend? Write an essay on the discipline of...
-
Bond P is a premium bond with a 10 percent coupon. Bond D is a 4 percent coupon bond currently selling at a discount. Both bonds make annual payments, have a YTM of 7 percent, and have eight years to...
-
Las Paletas Corporation has two different bonds currently outstanding. Bond M has a face value of $20,000 and matures in 20 years. The bond makes no payments for the first six years, then pays $1,100...
-
Consider the prices in the following three Treasury issues as of May 15, 2011: The bond in the middle is callable in February 2012. What is the implied value of the call feature? 6.500 May 17n 8.250...
-
How does flow rate ( volume per second ) change as a pipe becomes smaller ( as in # 3 ) ?
-
The _ _ _ _ _ _ _ _ is the most appropriate decision in light of what managers believe to be the most desirable consequences for the organization. Optimum decision Programmed decision Descriptive...
-
magine taking a class on public speaking at PSU - going to happen for sure. You are giving your final talk about an idea to change the smoking policy at the University. Your professor breaks in and...
Study smarter with the SolutionInn App