Dakota Mining Company pays its bills and employees with checks drawn on a bank from another part of the country. Float is the advantage gained during the check-clearing time.
<h3>What is float?</h3>
Generally, The float is money in the banking system that is momentarily counted twice owing to time delays in reporting a deposit.
In conclusion, the advantage gained during the check-clearing time is called float
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Answer:
$259.35
Explanation:
The computation of the amount of cash paid is shown below:
= (Purchase value of merchandise - returned goods of merchandise - discount charges)
= ($9,100 - $455 - $259.35)
= $8,385.65
The discount charges is
= (Purchase value of merchandise - returned goods of merchandise) × discount rate
= ($9,100 - $455) × 3%
= $259.35
We simply applied the above formula
I believe your answer is B
A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without payment