1 float is best described by which of the belowa investing, Ask an Expert

Finance

1. Float is best described by which of the below?

a. investing excess cash balances

b. the time required for a deposited check to clear through the commercial banking system and be available for payment

c. the term used to describe payment for the purchase of raw materials that are needed to complete production of a luxury liner

d. the time that is required to receive payment on a zero balance account

2. What is the payback period for the following set of cash flows?

Year Cash Flow

0 $ 5,500

1 1,200

2 2,300

3 1,100

4 1,200

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92781701

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