You have 130000 on deposit with no outstanding checks or, Ask an Expert

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You have $130,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $54,000.

Does this create a disbursement float or a collection float?

(Click to select)Disbursement floatCollection float

What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Available balance $

What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Book balance $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92880983

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