Which of the following best describes the availability float?
A) how long it takes the firm to process the check and deposit it in the bank
B) how long it takes before the bank gives the firm credit for the funds
C) how long it takes before payments to suppliers actually result in a cash outflow for the firm
D) how long it takes for a firm to be able to use funds after a customer has paid for its goods
Answer: B
You might also like to view...
Which of the following statements BEST describes the impacts of globalization on the United States?
A) Job growth in other countries leads to job growth in the United States. B) Income growth in other countries leads to job growth in the United States. C) Job and income growth in other countries has no effect on job growth in the United States. D) Job and income growth in other countries leads to loss of jobs in the United States. E) Job and income growth in other countries has varying impacts on jobs in the United States.
Which of the following should be included in the opening statement when you are requesting a time extension before making a decision?
A) A statement of your new demands for salary B) A strong statement of your continued interest in the job C) A list of other organizations you are interviewing with D) Details about other offers you have received or expect to receive E) An identification of other jobs you are applying for