Established by erisa-what is the average daily float

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Reference no: EM131937659

1. Which of the following was not established by ERISA?

a. Insurance for plan participants.

b. Maximum vesting periods.

c. Minimum funding requirements.

d. Minimum payouts for defined contribution plans.

e. Prudent man rule.

2. During a normal month, Flo’s Flowers receives a total of nine checks with a total value of $168,000. On average, it takes 1 day from the date of deposit for the funds from these checks to be available to the firm. Assume each month has 30 days. What is the average daily float?

A) $5,600

B) $73,000

C) $50,400

D) $100,800

E) $28,600

Reference no: EM131937659

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