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20 On a typical day, a company writes 45 checks worth a total of $8,125 that clear in 2.25 days. The company also collects 57

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20 On a typical day, a company writes 45 checks worth a total of $8,125 that clear in 2.25 days. The company also collects 57 checks worth a total of $10,200 that clear in 1.75 days. Is this a collection or disbursement float? What is the amount of the float? Multiple Choice A disbursement float of $431 A collection float of $2,075 A collection float of $431 A collection float of $588 A disbursement float of $2,075

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