Alpha Geek

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Category > Accounting Posted 28 May 2017 My Price 4.00

You have $14,800 on deposit with no outstanding checks or uncleared deposits

You have $14,800 on deposit with no outstanding checks or uncleared deposits. Assume you deposit a check for $6,400. Does this create a disbursement float or a collection 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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Alpha Geek
(8)
Status NEW Posted 28 May 2017 10:05 AM My Price 4.00

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file 1495967717-Answer.docx preview (106 words )
Y-----------ou -----------hav-----------e $-----------14,-----------800----------- on----------- de-----------pos-----------it -----------wit-----------h n-----------o o-----------uts-----------tan-----------din-----------g c-----------hec-----------ks -----------or -----------unc-----------lea-----------red----------- de-----------pos-----------its-----------. A-----------ssu-----------me -----------you----------- de-----------pos-----------it -----------a c-----------hec-----------k f-----------or -----------$6,-----------400-----------. D-----------oes----------- th-----------is -----------cre-----------ate----------- a -----------dis-----------bur-----------sem-----------ent----------- fl-----------oat----------- or----------- a -----------col-----------lec-----------tio-----------n f-----------loa-----------t? -----------Wha-----------t i-----------s y-----------our----------- av-----------ail-----------abl-----------e b-----------ala-----------nce-----------? (-----------Do -----------not----------- ro-----------und----------- in-----------ter-----------med-----------iat-----------e c-----------alc-----------ula-----------tio-----------ns -----------and----------- ro-----------und----------- yo-----------ur -----------ans-----------wer----------- to----------- th-----------e n-----------ear-----------est----------- wh-----------ole----------- nu-----------mbe-----------r, -----------e.g-----------., -----------32.-----------) A-----------vai-----------lab-----------le -----------bal-----------anc-----------e $----------- Wh-----------at -----------is -----------you-----------r b-----------ook----------- ba-----------lan-----------ce?----------- (D-----------o n-----------ot -----------rou-----------nd -----------int-----------erm-----------edi-----------ate----------- ca-----------lcu-----------lat-----------ion-----------s a-----------nd -----------rou-----------nd -----------you-----------r a-----------nsw-----------er -----------to -----------the-----------
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