A firm has $16,718 in outstanding checks that have not cleared the bank. The firm also
has $13,450 in deposits that have been recorded by the firm but not by the bank. The
current available balance is $11,407. What is the status of the net float?
A. net collection float of $8,138
B. net collection float of $2,043
C. net collection float of $13,450
D. net disbursement float of $3,268
E. net disbursement float of $5,311
You recently overheard your boss telling someone that if he'd actually crunched some
numbers and done some analysis instead of just going with his instincts that he never
would have opened the new store in Centre City. Which one of the following caused
your boss to make a bad decision?
A. regret aversion
B. endowment effect
C. money illusion
D. affect heuristic
E. representativeness heuristic
Theresa adds $1,000 to her savings account on the first day of each year. Marcus adds
$1,000 to his savings account on the last day of each year. They both earn 6.5 percent
annual interest. What is the difference in their savings account balances at the end of 35
years?
A. $8,062
B. $8,113
C. $8,127
D. $8,211
E. $8,219