. Which one of the following statements concerning disbursement float is correct? A. Disbursement float is the period of time between a firm making a bank deposit and the funds from that deposit being available to the firm. B. Disbursement float decreases when a check is delayed in the mail due to an extended holiday weekend. C. Disbursement float causes the available balance to exceed the ledger balance. D. Disbursement float is being totally eliminated by the Check Clearing Act for the 21st Century. E. Disbursement float exists when the available balance is less than the book balance.
. Which one of the following statements concerning disbursement float is correct? A. Disbursement float is the period of time between a firm making a bank deposit and the funds from that deposit being available to the firm. B. Disbursement float decreases when a check is delayed in the mail due to an extended holiday weekend. C. Disbursement float causes the available balance to exceed the ledger balance. D. Disbursement float is being totally eliminated by the Check Clearing Act for the 21st Century. E. Disbursement float exists when the available balance is less than the book balance.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
. Which one of the following statements concerning disbursement float is correct?
|
A. |
Disbursement float is the period of time between a firm making a bank deposit and the funds from that deposit being available to the firm. |
|
B. |
Disbursement float decreases when a check is delayed in the mail due to an extended holiday weekend. |
|
C. |
Disbursement float causes the available balance to exceed the ledger balance. |
|
D. |
Disbursement float is being totally eliminated by the Check Clearing Act for the 21st Century. |
|
E. |
Disbursement float exists when the available balance is less than the book balance. |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education