At the beginning of the day, a company has a cash balance of $11, 450 and no float. During the day, the company wrote three checks for $640, $975, and $1,340. The company also deposited checks for $ 1,205 and $1,880. What is the company's disbursement float?Multiple Choice$130$3,085$8, 365$2,955 $6,040

At the beginning of the day, a company has a cash balance of $11, 450 and no float. During the day, the company wrote three checks for $640, $975, and $1,340. The company also deposited checks for $ 1,205 and $1,880. What is the company's disbursement float?Multiple Choice$130$3,085$8, 365$2,955 $6,040

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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At the beginning of the day, a company had a ledger balance and available balance of $3,860. During the day, the company wrote three checks for $350, $715, and $975. The company also deposited checks for $545 and $930. What is the company's collection float?
2) At the beginning of the day, a company has a cash balance of $12,150 and no float. During the day, the company wrote three checks for $780, $1,115, and $1,480. The company also deposited checks for $1,345 and $2,160. What is the company's disbursement float? A) $130 B) $6,880 C) $8,645 D) $3,375 E) $3,505.
At the beginning of the day, a company has a cash balance of $11,300 and no float. During the day, the company wrote three checks for $610, $945, and $1,310, The company also deposited checks for $1,175 and $1,820. What is the company's disbursement float? Multiple Choice O O O $2.995 $2.865 $8.305 $5.860 $130
On a typical day, a company writes 48 checks worth a total of $8,925 that clear in 3 days. The company also collects 60 checks worth a total of $9,940 that clear in 2.5 days. Is this a collection or disbursement float? What is the amount of the float?
If the company accounting records indicate the following for the bank: Opening amount $10,000 Deposits 30,000 Cheques-22,000 Closing balance $18,000 The bank statement indicates that the opening amount is $10,000, the deposits are 22,000 and the cheques that have cleared are 2,000, what is the amount of the float?
A company shows an ending balance of $790. The bank statement shows a $14 service charge and an NSF check for $150. A $280 deposit is in transit, and outstanding checks total $310. What is their adjusted cash balance?
On May 27, you received your bank statement showing a balance of $1,026.34. Your checkbook shows a balance of $1,056.29. Outstanding checks are $245.50 and $377.20. The account earned $62.59. Deposits in transit amount to $705.24, and there is a service charge of $10.00. Calculate the reconciled balance. $29.95 $943.80 O $1,003.70 O $1,108.88
On December 15, you received your bank statement showing a balance of $2,275.34. Your checkbook shows a balance of $2,437.40. Outstanding checks are $225.50 and $356.10. The account earned $77.55. Deposits in transit amount to $805.21, and there is a service charge of $16.00. Calculate the reconciled balance. O $162.06 O $2,051.73 O $2,375.85 O $2,498.95
On December 15, you recieved your bank statement showing a balance of $2270.32. Your checkbook shows a balance of $2433.33. Outstanding checks are $225.50 and $356.20. The account earned $77.52. Deposits in transit amount to $805.23, and there is a service charge of $17.00. Calculate the reconciled balance. options are: a. 163.01 b. 2046.79 c. 2372.81 d. 2493.85
Sahara Company’s Cash account shows an ending balance of $650. The bank statement shows a $29 service charge and an NSF check for $150. A $240 deposit is in transit, and outstanding checks total $420. What is Sahara’s adjusted cash balance? a. $291 b. $829 c. $471 d. $470
Sahara Company’s Cash account shows an ending balance of $650. The bank statement shows a $29 service charge and an NSF check for $150. A $240 deposit is in transit, and outstanding checks total $420. What is Sahara’s adjusted cash balance? $291 $829 $471 $470
On October 31, your company's records say that the company has $18,588.13 in its checking account. A review of the bank statement shows you have three outstanding checks totaling $7,403.37, and the bank has paid you interest of $20.24 and charged you $16.00 in service charges. The bank statement dated October 31, would report a balance of: (Round your answer to 2 decimal places.) Multiple Choice $11,189.00. $25,987.26. $11,180.52. $25,995.74.

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