MC Enterprises estimates that it takes, on average, 12 days for their customers' payments to reach them, 3 day for the payments to be processed and deposited by their bookkeeping department, and 2 more days for the check to clear once they're deposited. What is their collection float?

Multiple Choice

14 days

12 days

15 days

17 days

2.

Suppose that Tucker Industries has annual sales of $5.10 million, cost of goods sold of $2.79 million, average inventories of $1,130,000, and average accounts receivable of $510,000. Assuming that all of Tucker's sales are on credit, what will be the firm's operating cycle? (Round your answer to 2 decimal places.)

Multiple Choice

111.33

36.50

184.33

147.83

3.

Which of the following is a checking account that the firm sets up so that the bank agrees to automatically transfer funds from an interest-bearing account to pay off any checks presented?

Multiple Choice

Lockbox system

Concentration banking

Wire transfers

Zero-balance account

4.

Which of these is the period of time after a check has been written, but not yet cleared and deposited?

Multiple Choice

Liquid current assets

Safety stock

Overnight securities

Float

answer as many as u can please