In: Finance
You have $85,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $21,600. |
a. | Does this create a disbursement or collection float? |
b. | What is your available balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
c. | What is your book balance? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |