CFIN CH 15 VOCAB PRACTICE QUESTIONS WITH REVISED AND UPDATED ANSWERS ALL CORRECT
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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
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