You have $145,000 on deposit with no outstanding checks or uncleared deposits. One day you write a

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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 available balance? Book balance?

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Essentials Of Corporate Finance

ISBN: 9780073382463

7th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Jun 14, 2019 11:11 AM

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You have $145,000 on deposit with no outstanding checks or uncleared deposits. One day you write a

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Essentials Of Corporate Finance

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