Which of the following best describes the availability float?

A) how long it takes the firm to process the check and deposit it in the bank
B) how long it takes before the bank gives the firm credit for the funds
C) how long it takes before payments to suppliers actually result in a cash outflow for the firm
D) how long it takes for a firm to be able to use funds after a customer has paid for its goods


Answer: B

Business

You might also like to view...

Which input control check would detect a payment made to a nonexistent vendor?

a. missing data check b. numeric/alphabetic check c. range check d. validity check

Business

The ______ help(s) signal to the audience that one part of the presentation is finished and the next part is starting.

a. transitions b. introduction c. body d. conclusion

Business

An example of a country with an individualistic society is:

A) United States B) Latin America C) Saudi Arabia D) All of the above

Business

Explain the rights of the owners and the association in a condominium ownership interest

What will be an ideal response?

Business