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Ellcrys Corporation writes 68 checks a day for an average amount of $525 each. These checks generally clear the bank 3 days after they

Ellcrys Corporation writes 68 checks a day for an average amount of $525 each. These checks generally clear the bank 3 days after they are written. In addition, the firm generally receives 65 checks with an average amount of $604 each. Deposited amounts are available after an average of 2.5 days. Is this a disbursement or collection float? What is the value of the float?

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