What is float? What are its four components? What is the difference between availability float and clearing

Question:

What is float? What are its four components? What is the difference between availability float and clearing float?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction to Corporate Finance

ISBN: 978-0324657937

2nd edition

Authors: Scott B. Smart, William L Megginson

See More Books

Question Posted: May 13, 2015 06:07 AM

See More Questions

What is the difference between bilateral clearing and multilateral clearing?
What are clearing balances? Of what benefit can clearing balances be to a depository that uses the Federal Reserve Systems check-clearing network?
What is the difference between the availability and confirmatory biases?
Use a linear interpolation to estimate properties of ammonia to fill out the table below P [kPa] T [ C] v [m3/kg] x a) 550 0.75 b) 80 20 c) 10 0.4
What cost synergies may be obtained by an FI from domestic geographic expansion?
Use the following table, which shows the top 10 countries for per person consumption of vegetables, fruit, and meat. The universal set is the set of countries in the world. Indicate in which region,...
Show that the variance of a factorial effect in a $2^{k}$ design with $m$ replications is \[\frac{4 \sigma^{2}}{N}\] where $N=m \cdot 2^{k}$ and $\sigma^{2}$ is the variance of each outcome.
Apply the value chain model to a video game developer, such as Electronic Arts (www.EA.com). What is its competitive strategy? Describe the tasks Electronic Arts must accomplish for each of the...
Mountain Air Limited manufactures a line of room air purifiers. Management is currently evaluating the possible production of an air purifier for automobiles. Based on an annual volume of 1 0 , 0 0 0...
Word can change the case of selected text, but that capability is notably lacking in Excel. Write an Excel subroutine that enables an Excel user to change the case of text in any selected range. In...
Litespeed Products buys 200,000 motors per year from a supplier that can fulfill orders within two days of receiving them. Litespeed transmits its orders to this supplier electronically so the lead...
What is the difference between a ZBA and a controlled disbursement account? Are they direct substitutes?
The following data were extracted from the accounting records of Danhof Company for the year ended June 30, 2012: Merchandise inventory, July 1, 2011 ......$ 250,000 Merchandise inventory, June 30,...
A country with a persistent trade surplus is being pressured to let its currency appreciate. Which of the following best describes the adjustment that must occur if currency appreciation is to be...
What are the two most important points to keep in mind when dealing with price resistance?
Explain how ratio analysis can be used to help interpret income statement data.
What are the costs involved in the change?
What services might a salesperson consider providing in an effort to strengthen their existing partnership with customers?
Match each of the key terms with the definition that best fits it. _____________ A pattern of codes that restricts the width and possible values for each position of a field. Here are the key terms...
During the month, services performed for customers on account amounted to $7,500 and collections from customers in payment of their accounts totaled $6,000. At the end of the month, the Accounts...
An oil well produces 20,000 barrels of oil per year. Suppose the price of oil is $50 per barrel. You want to purchase the right to the oil produced by this well for the next five years. At a discount...
A bond makes two $45 interest payments each year. Given that the bonds par value is $1,000 and its price is $1,050, calculate the bonds coupon rate and coupon yield.
Calculate the price of a 5-year, $1,000 par value bond that makes semiannual payments, has a coupon rate of 8 %, and offers a yield to maturity of 7 %. Recalculate the price assuming a 9 % YTM. What...
Characterize the nature of motivation, including its importance and focus Identify and describe the need theories on motivation. Identify and describe the behavior theories on motivation. Identify...
Calculate the amount that Astrid should withdraw from her college savings fund of $21000 if she wishes to withdraw equal amounts at the end of each month for four years. The annual nominal interest...
Jason borrows $ 10300 for the next 4 years at a variable interest rate. Assume that the interest accumulates for 4 years at an annual nominal rate of 11% compounded quarterly. Calculate the...

What is float? What are its four components? What is the difference between availability float and clearing

Question:

Step by Step Answer:

Float refers to funds that have been sent by the payer b...View the full answer

Introduction to Corporate Finance

Students also viewed these Finance questions