Asked by Bryce Folsom on Jul 18, 2024
Verified
Processing delay is a components of collection float.
Processing Delay
The time taken between the initiation and completion of a process, often referring to the lag in transaction or operational activities.
Collection Float
The time period between when a check is deposited into a bank account and the time the funds are available to the depositor.
- Pinpoint the constituents and approaches affecting the collection float.
Verified Answer
LL
lissette lopezJul 23, 2024
Final Answer :
True
Explanation :
Collection float includes mail float, processing delay, and availability delay, where processing delay is the time it takes for the receiving entity to process the incoming payment after it is received.
Learning Objectives
- Pinpoint the constituents and approaches affecting the collection float.
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