1. Modos Company has deposited $2,000 in checks received from customers. It as written $1,400 in checks to its suppliers. The initial balance was $400. If $1,600 of its customers checks have been cleared but only $600 of its own, calculate its float. Select one:

A $200

B. $400

C. $300

D. $700

Answer rating: 100% (QA)

Therefor... View the full answer