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Larry Imports writes three checks a day for an average amount of $11,500 each. These checks generally clear the bank 2.1 days after they are
Larry Imports writes three checks a day for an average amount of $11,500 each. These checks generally clear the bank 2.1 days after they are written. In addition, the firm generally receives and deposits checks amounting to $19,500 each day. All deposits are available the next day. What is the firm's net float? Group of answer choices Net collection float of $19,500 Net collection float of $52,950 Net collection float of $91,950 Net disbursement float of $52,950 Net disbursement float of $91,950
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