Answered: The time between when a payee sends…

The time between when a payee sends payment and the funds are credited to the payee's bank account is called the: collection float disbursement float total float transmittal float

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter17: The Management Of Cash And Marketable Securities

Section: Chapter Questions

Problem 4QTD

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Question

The time between when a payee sends payment and the funds are credited to the payee's
bank account is called the:
collection float
disbursement float
total float
transmittal float
12

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