Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Other Fields Homework Help Business Management
New Topic  
mantparn mantparn
wrote...
Go to Answer
Posts: 1904
Rep: 2 0
7 years ago
Which of the following is true of collection float?
A) It represents the time delay between when payment is placed in the mail and when it is received.
B) It represents the time between receipt of a payment and its deposit into a firm's account.
C) It results from the lapse between the time when a firm deducts a payment from its checking account ledger and the time when funds are actually withdrawn from its account.
D) It results from the delay between the time when a customer deducts a payment from the checking account ledger and the time when the vendor actually receives the funds in a spendable form.
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
Read 102 times
2 Replies
Replies
Answer verified by a subject expert
donnabandonnaban
wrote...
#1
Top Poster
Posts: 949
Rep: 47 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

mantparn Author
wrote...
#2
7 years ago
Thanks again for helping me in my management class!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1626 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 231
  
 722
  
 574
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 824
Previous poll results: Who will win the 2024 president election?