Question: What is the meaning of float as the term is used in the financial services industry?

What is the meaning of “float” as the term is used in the financial services industry?

Step by Step Solution

★★★★★

3.43 Rating (178 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

In the financial services industry the term float refers to the difference bet... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Electronic Commerce Questions!

Q:

Subset the data set based on the location, day of the week, type of collision, and lighting condition. Compare these subsets of data to find interesting patterns. Can you identify any links between...

Q:

What is the meaning of the term window dressing when used in connection with year-end financial statements? How might the term be related to the making of loans by a corporation to one or more of its...

Q:

What is the meaning of the term available as used in governmental fund revenue recognition?

Q:

What is the meaning of the term loss contingency? Give several examples. How are loss contingencies presented in financial statements? Explain.

Q:

Q) Read the below case study carefully and give the answers of the following questions a) Make a summary of below case study b) Address accounting and financial issues c) Address corporate governance...

Q:

pls summarize this case study in your own words. Topic: The Enron Case Study: History, Ethics and Governance Failures... a)Introduction: Why pick Enron? The answer is that Enron is a well-documented...

Q:

pls summarize this case study in your own words. Topic: The Enron Case Study: History, Ethics and Governance Failures... a)Introduction: Why pick Enron? The answer is that Enron is a well-documented...

Q:

1. Complete the table below by: i. Explaining how the provided statistical ratios are used in the financial services industry. ii. Explaining how the provided statistical analysis methods are used in...

Q:

Explaining how the provided statistical ratios are used in the financial services industry. ii. Explaining how the provided statistical analysis methods are used in the financial services industry....

Q:

1. Complete the table below by: i. Explaining how the provided statistical ratios are used in the financial services industry. ii. Explaining how the provided statistical analysis methods are used in...

Q:

Digital Wallets (wallet-based solutions) 1. Companies such as Apple, Samsung, and Google are all racing to develop a digital wallet. Why would they do this? 2. Provide and describe two advantages of...

Q:

Carbohydrates Anonymous (CA) operates a chain of weight-loss centers for carb lovers. Its services have been in great demand in recent years and its profits have soared. CA recently paid an annual...

Q:

Consult Paragraph 14 of PCAOB Auditing Standard No. 5. Based on the case information, do you think this paragraph relates to the use of top-side adjusting journal entries at an audit client like...

Q:

Which of the following is a common method for setting a marketing budget? Allocating equal funds to all business activities Historical - based budgeting, which uses past marketing expenses as a...

Q:

Our society tends to save at a rate that is adequate for retirement planning. a. True b. False

Q:

What criteria are used by people when attributing a behavior to either external or internal causes? Describe these three criteria.

Q:

People often use shortcuts such as selective perception and stereotyping to judge other people more quickly. What are the good and bad aspects of this type of perceptual fast track?

Q:

How does perception affect the decision-making process?

Q:

Scott and Quick are accountants for Millenium Computers. They disagree over the following transactions that occurred during the calendar year 2008. For each transaction, indicate why Quick disagrees....

Q:

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the companys costs: Fixed Cost per...

Q:

determine the revenues, construction costs, cash reciepts, and cash disbursements for the construction project. The second project began in November and will continue for 16 months. The estimated...