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Amazon Corporation writes 32 checks a day for an average amount of $505 each that generally clear 3.5 days after they are written. In addition,
Amazon Corporation writes 32 checks a day for an average amount of $505 each that generally clear 3.5 days after they are written. In addition, the firm generally receives 40 checks each day with an average amount of $574 each that are available after 3 days. Is this a collection or disbursement float? What is the amount of the float? Multiple Choice A collection float of $12,320 A collection float of $14,115 A collection float of $13,214 A disbursement float of $12,320 A disbursement float of $14,115
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