Asked by Michelle Kotey on Jun 25, 2024

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The present value of eliminating float is equal to the amount of ______________.

A) Mail float.
B) Collection float.
C) Processing float.
D) Total float.
E) Availability float.

Eliminating Float

Strategies or processes aimed at reducing the time delay between when a check is written and when it clears the banking system.

Total Float

The amount of time that a project task can be delayed without causing a delay to subsequent tasks or the project's completion date.

  • Familiarize oneself with the idea of float in cash management and its repercussions.
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KA
Katrina AttardJun 29, 2024
Final Answer :
D
Explanation :
The present value of eliminating float is equal to the amount of total float. Total float encompasses all types of float (mail, processing, and availability), representing the total time delay from when a check is written to when the funds are available in the beneficiary's account.