Answer
b. Mail a cheque to pay your rent.
Reason
A Disbursement float occurs when a person or company writes a check (mails);when this cheque is deposited it usually takes few days to clear.The float is reflected as a decrease in cash ledger,but remains as a part of the balance in the companies checking account.So,it's actually the money that a person has spent but that has not yet been taken out of his bank account since the recipient has not yet cashed the check.
Here,it's the time between check is mailed and when funds(rent amount) are debited from the payor's (our) account.
[The time it takes for the bank to actually clear the banking system and transfer funds (rent amounts) out of your account to payee's]
Disbursement float is created every time you: Select one: a. Transfer funds via the internet from...
Disbursement float is created every time you Select one a Mail a cheque to pay your rent b. Transfer funds via the internet from your chequing account to your savings account Receive a paycheque and deposit it in your chequing account d. Deposit cash into your chequing account
Disbursement float is created every time you: Select one: a. Mail a cheque to pay your rent. b. Transfer funds via the internet from your chequing account to your savings account. c. Deposit cash into your chequing account. d. Receive a paycheque and deposit it in your chequing accoun
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When preparing a bank deposit which of the following is a best practice? Select one: a. Group all customer payments with the same payment method together in one deposit b. Group customer payments with the payment method of checks and credit card payments in one deposit and group all the cash payment methods in a separate deposit c. Deposit all customer payments one at a time using the Bank Deposit form d. Leave payments in the undeposited funds account To...
need help for solve multiple choice question... 1.The employee summary report option shows Select one: a. earnings and deductions from a paycheque b. all information entered in employee records c. wage or salary amounts d. all year-to-date totals 2.In the process of correcting a wrong employee error all but one is used – Select one: a. prepare a new entry for the correct employee b. one should remember to recalculate the taxes c. open the adjust cheque window for the...
Suppose that your weekly cash expenses are $60. Every time you withdraw money from the automated teller at your bank, you are charged $0.25. Your bank account pays interest of 2% annually. a. How often should you withdraw funds from the bank? (Round your answer to 2 decimal places.) You should go to the bank about once every b. What is the optimal-sized withdrawal? (Round your answer to the nearest whole dollar.) Optimal-sized withdrawal c. What is your...
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1.An investment will pay you $500 every year starting 1 year from today and goes on forever. If the interest rate is 5% p.a., what is the maximum price that you would pay for this investment? 2.You are given $200 each year starting next year and finishing in 15 years (t=15). If the interest rate is 6% p.a., what is the maximum price that you would pay for these cash flows? 3.You borrow $100,000 today, the annual interest rate is...
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