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On a typical day, a company writes 46 checks worth a total of $9,480 that clear in 2.5 days. The company also collects 58 checks
On a typical day, a company writes 46 checks worth a total of $9,480 that clear in 2.5 days. The company also collects 58 checks worth a total of $10,210 that clear in 2 days. Is this a collection or disbursement float? What is the amount of the float? Multiple Choice A collection float of $3,280 A collection float of $730 A collection float of $3,437 A collection float of $3,280 A collection float of $730 A collection float of $3,437 A disbursement float of $730 A disbursement float of $3,280
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