CFIN CH 15 VOCAB PRACTICE QUESTIONS WITH REVISED AND UPDATED ANSWERS ALL CORRECT
8 views 0 purchase
Course
CFIN CH 15 VOCAB PRACTICE
Institution
CFIN CH 15 VOCAB PRACTICE
CFIN CH 15 VOCAB PRACTICE QUESTIONS WITH REVISED AND UPDATED ANSWERS ALL CORRECT
disbursement float - Answer-the value of the checks that have been written and disbursed but have not been deducted from the account on which they were written
collections float - Answer-the amount of checks that ...
CFIN CH 15 VOCAB PRACTICE
QUESTIONS WITH REVISED AND
UPDATED ANSWERS ALL
CORRECT
disbursement float - Answer-the value of the checks that have been written and
disbursed but have not been deducted from the account on which they were written
collections float - Answer-the amount of checks that have been received and deposited
but have not yet been made available to the account on which they were deposited
net float - Answer-the difference between disbursement float and collections float; the
difference between teh balance shown in teh checkbook and the balance shown on the
bank's account
lockbox arrangement - Answer-a technique used to reduce float by having payments
sent to post office boxes located near the customers
preauthorized debit system - Answer-a system that allows a customer's bank to
periodically transfer funds from its account to a selling firm's bank account for the
parment of bills
concentration banking - Answer-a technique used to move funds from many bank
accounts to a more central cash pool to more effectively manage cash
zero-balance account (ZBA) - Answer-a special checking account used for
disbursements that has a balance equal to sero when there is no disbursement activity
controlled disbursement accounts (CDA) - Answer-checking accounts in which funds
are not deposited untilchecks are presented for paryment; ususally on a daily basis
marketable securities - Answer-securities tha tcan be sold on short notice without loss
of prinicipal or original investment
credit policy - Answer-a set of decisions that includes a firms credit standards credit
terms; methods used to collect credit accounts, and credit monitoring procedures
credit standards - Answer-standards that indicate the minimum financial strength a
customer must have to be granted credit
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Perfectscorer. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.