Question 1 (of 10) value 10.00 points You have $130,000 on deposit with no outst

Question

Question 1 (of 10) value 10.00 points You have $130,000 on deposit with no outstanding checks or uncleared deposits. One day you wirite a check for $54,000. Does this create a disbursement noat or a collection float? Disbursement float What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole num Available balance 130.000 What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e. Book balance Reterences eBook& Resources Worksheet Leaming Objective 17-01 Explain how firms manage their cash and identifty some of the coßection concentration and disbursement techniques used Difficulty: 1 Basic Sechon 17 1 Float and Cash Management Ex F1 F2 F3 F4 FB

Explanation / Answer

disbursment float

available balance 130000

what we have deposited that is available balance

book balance 130000 - 54000 = 76000

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