What is the amount of the collection float

Assignment Help Financial Management

Reference no: EM13813946

A firm had a ledger balance of $4,122 with no outstanding deposits or checks. Today, your firm deposited 4 checks in the amount of $466 each and wrote a check in the amount of $969. What is the amount of the collection float as of the end of the day?

Reference no: EM13813946

Questions Cloud

Argue whether or not the success of colonial america depends : Argue whether or not the success of Colonial America depends on the continuation of the Slave Trade?

Shareholders and raise the stock price : A CFO rejects the idea of a company going private, believing that a large share repurchase program funded by issuing long-term debt would please the shareholders and raise the stock price. What would be an argument against the CFOs belief? And what i..

Facilitating the creation of diversity in an organization : How would you go about facilitating the creation of diversity in an organization that is traditionally homogenous? What support is needed from top management in developing a program to implement organizational diversity?

What is the political risk and how does it affect business : What are the approaches international managers seek to understand when instituting change in the international arena - What is the culture shock and how does it affect the international business?

What is the amount of the collection float : A firm had a ledger balance of $4,122 with no outstanding deposits or checks. Today, your firm deposited 4 checks in the amount of $466 each and wrote a check in the amount of $969. What is the amount of the collection float as of the end of the day?

Present value and future value of series of cash flows : Describe in detail how to calculate the present value and the future value of a series of cash flows. What is APR? What is EAR? Are they the same thing? Describe in detail the differences and similarities in calculating the present value and future v..

Arguments that influenced the us supreme court decision : Outline the major societal arguments that influenced the U.S. Supreme Court decision in both cases and the subsequent reversal. Identify specific examples to support your explanation

Define project performance and status report : A project history of your recent Trillo Apparel Company District 4 Production Warehouse Move experience over the last five weeks.

Discuss the role that emotional intelligence : Discuss the role that emotional intelligence (EI) plays in the self-leadership. Be sure to provide an analysis of all four dimensions of EI (self-awareness, self-management, social awareness, and relationship management) in your response.

User Account

All Pages