Which of the following best describes the availability float?
A) how long it takes before payments to suppliers actually result in a cash outflow for the firm
B) how long it takes before the bank gives the firm credit for the funds
C) how long it takes the firm to process the check and deposit it in the bank
D) how long it takes for a firm to be able to use funds after a customer has paid for its goods
Correct Answer:
Verified
Q24: What is meant by the term '1.5/14
Q26: A firm offers its customers 3/5 net
Q27: A firm offers its customers 2/14 net
Q27: What is a firm's operating cycle?
Q28: The 'cash discount' is the percentage discount
Q31: A 'collection float' is the amount of
Q31: A 'collection float' is the amount of
Q32: What is 'trade credit'?
A)the amount a firm
Q33: Use the table for the question(s)below.
Luther Enterprises
Q34: The 'credit period' is the number of
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