You have $11,900 on deposit with no outstanding checks or uncleared deposits. If you deposit a check

Question:

You have $11,900 on deposit with no outstanding checks or uncleared deposits. If you deposit a check for $2,200, 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:

Related Book For answer-question

Essentials of Corporate Finance

ISBN: 978-1260013955

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

See More Books

Question Posted: Nov 28, 2019 05:07 AM

See More Questions

You have $27,900 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,300 and then deposit a check for $5,400. What are your disbursement, collection, and net...
You have $145,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $39,000. Does this create a disbursement float or a collection float? What is your...
You have $43,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $5,100 and then deposit a check for $8,400. What are your disbursement collection, and net...
You are given the following information: The current gold price is $1,650, the net convenience yield for gold is 1.7% per year, the risk-free rate is 5% per year, the volatility is 30% per year, the...
The Cost Department of Coffman Manufacturing Company prepared the following flexible budget for Department X for January: Factory overhead is allocated to production on the basis of machine hours....
For each of the following independent situations, fill in the blanks to indicate the effect of the error on each of the various financial statement items. Indicate an understatement (U), an...
Using only the factor formulas given in Table 2.6, derive Equation 7.6 starting with Equation 7.3. TABLE 2.6 Summary of Discrete Compounding Interest Factors. To Find Given Factor Symbol Name P F...
General capital assets are accounted for differently in fund and government-wide nancial statements. A city engaged in the following transactions during a year: 1. It acquired computer equipment at a...
28. Below is the model of a three-dimensional structure. Draw the front view of this model. Each cube is exactly inch in length, width, and height. Use a scale of 2:1. (2 marks) Back Top Front Left...
An engineering design team is attempting to control a process shown in Figure PI0.27. The system has a controller Gc(s), but the design team is unable to select Gc(s) appropriately. It is agreed that...
You have $85,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $21,600. Does this create a disbursement float or a collection float? What is your...
You have $21,400 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,300 and then deposit a check for $4,900. What are your disbursement, collection, and net...
You would like to build-your-own-burger at a fast-food restaurant. There are five different breads, seven different cheeses, four different cold toppings, and five different sauces on the menu. If...
When real property is sold, the title to the property is conveyed by a deed. (True/False)
On what does the degree of reasonable care required in a bailment situation depend?
How is insurance classified?
A bailee must exercise reasonable care to preserve the bailed property. (True/False)
A license is a revocable right of a person to come onto another persons land. (True/False)
Beethovan Music Center has 5 televisions on hand at the statement of financial position date. Each cost 100. The net realizable value is 90 per unit. Under the lower-of-cost-or-net realizable value...
During registration at Tech every quarter, students in the Department of Management must have their courses approved by the departmental advisor. It takes the advisor an average of 4 minutes...
Sqeekers Co. issued 15-year bonds a year ago at a coupon rate of 4.1 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 4.5 percent, what is the...
Heginbotham Corp. issued 20-year bonds two years ago at a coupon rate of 5.3 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM?
You find a zero coupon bond with a par value of $10,000 and 17 years to maturity. If the yield to maturity on this bond is 4.9 percent, what is the price of the bond? Assume semiannual compounding...
a company estimates that the total factory overhead costs will be $559,619 for the year. Direct labor hours are estimated to be 90,700. What is the pre determined factory overhead rate? The amount of...
1) InBev is offering a price of $65-70 for each AB share. Is this a fair price? What is the stand-alone value of AB? What is its value with synergies? 2) As an InBev shareholder, do you think InBev...
Sapsora Company uses ROI to measure the performance of its operating divisions and to reward division managers. A summary of the annual reports from two divisions is shown as follows. The companys...

You have $11,900 on deposit with no outstanding checks or uncleared deposits. If you deposit a check

Question:

Step by Step Answer:

The available balance is the amount you have on deposit o...View the full answer

Essentials of Corporate Finance

Students also viewed these Business questions