Question: What is float? What are its four components? What is the difference between availability float and clearing float?

What is float? What are its four components? What is the difference between availability float and clearing float?

Step by Step Solution

★★★★★

3.31 Rating (186 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Float refers to funds that have been sent by the payer b... 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

Document Format (1 attachment)

Word file Icon

453-B-F-F-M (6223).docx

120 KBs Word File

Students Have Also Explored These Related Finance Questions!

Q:

What is the difference between bilateral clearing and multilateral clearing?

Q:

What are clearing balances? Of what benefit can clearing balances be to a depository that uses the Federal Reserve Systems check-clearing network?

Q:

What is the difference between the availability and confirmatory biases?

Q:

What is float? What are its four basic components? Which of these components is the same from both a collection and a payment perspective? What is the difference between availability float and...

Q:

17-1. What is float? What are its four basic components? Which of these components is the same from both a collection and a payment perspective? What is the difference between availability float and...

Q:

Shortening the days' receivables component of the cash conversion cycle would occur via: Select one: O a. Less efficient cash collection O b. More efficient cash collection O c. Optimization of cash...

Q:

By getting closer to the source of payment, lockboxes can be used to reduce: A. availability or clearing float. B. mail float. C. in-house processing float. D. disbursement float. E. None of these.

Q:

7. In a reverse stock split: * (1 Point) the number of shares outstanding increases and owners' equity decreases. the firm buys back existing shares of stock on the open market the firm sells new...

Q:

Please help me with this C++ script concerning classes. Even a start would be helpful, thank you. In this question you will practice the creation of classes. In HEP, one of the most common types of...

Q:

i need a good 1 page summary of this without plagirism its about (( Warren buffetts letters to Berkshure shareholders in 2020)) BERKSHIRE HATHAWAY INC. To the Shareholders of Berkshire Hathaway Inc.:...

Q:

On August 1, 2024, Trico Technologies, an aeronautic electronics company, borrows $20.3 million cash to expand operations. The loan is made by FirstBanc Corporation under a short-term line of credit...

Q:

Beginning in 2000 with the announcement by the Big Three automakers of plans for a single online supplier exchange Newco, major manufacturers in at least a half-dozen industries have followed suit....

Q:

What is the rationale for using (a) safety lead time and (b) safety stock in a requirements planning system?

Q:

CONCEPTUAL ANALYSIS OF REAL OPTIONS Highland Properties owns two adjacent four-unit apartment buildings that are both on 20,000 square feet of land near downtown Portland, Oregon. One of the...

Q:

Why should a target company be valued as a stand-alone business? Give examples of the types of adjustments that might have to be made if the target is part of a larger company.

Q:

Dow Chemical, a leading manufacturer of chemicals, announced in 2008 that it had an agreement to acquire competitor Rhom and Haas. Dow expected to broaden its current product offering by offering the...

Q:

Dow Chemicals acquisition of Rhom and Haas included a 74% premium over the firms preannouncement share price. What is the probable process Dow employed in determining the stunning magnitude of this...

Q:

A human resources manager believes that they may be able to predict employee job satisfaction using employees' salary and the amount of feedback they get from their supervisor. Job satisfaction is...

Q:

An article in Obesity Research "Impaired pressure natriuresis in obese youths," (2003, Vol. 11, pp. 745-751) described a study in which all meals were provided for 14 lean boys for three days...

Q:

Indicate whether the sentence or statement is true or false. 1.Traditional definitions of a small business center around defining a business along functional lines, or according to a firms operating...