Asked by Anamarys Sanchez on Jul 08, 2024
Verified
Availability delay is a component of collection float.
Availability Delay
The lag time between when a deposit is made into an account and when the funds become available for use.
Collection Float
The time difference between when a check is deposited into a bank account and when the amount is credited to the account, affecting the cash flow.
- Assess the elements and methods influencing the collection float.
Verified Answer
SB
Shubhangi BharadwajJul 14, 2024
Final Answer :
True
Explanation :
Availability delay is part of the collection float, which refers to the time it takes for a check or other payment method to be processed and the funds to become available in the recipient's account.
Learning Objectives
- Assess the elements and methods influencing the collection float.
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