You have 14200 on deposit with no outstanding checks or, Ask an Expert

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You have $14,200 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $5,800.

Does this create a disbursement float or a collection float?

(Click to select) Collection float or Disbursement 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.:- M92361191

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