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Marston Corporation writes 25 checks a day for an average amount of $386 each. These checks generally clear the bank 2.25 days after they are
Marston Corporation writes 25 checks a day for an average amount of $386 each. These checks generally clear the bank 2.25 days after they are written. In addition, the firm generally receives 37 checks with an average amount of $493 each. Deposited amounts are available after an average of 1.75 days. What is the firm's disbursement float? Multiple Choice $10,209 $21,713 $9,650 $18,241 $31,922
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