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On a typical day, a company writes 47 checks worth a total of $8,455 that clear in 2.75 days. The company also collects 59 checks

On a typical day, a company writes 47 checks worth a total of $8,455 that clear in 2.75 days. The company also collects 59 checks worth a total of $10,220 that clear in 2.25 days. Is this a collection or disbursement float? What is the amount of the float? Multiple Choice A collection float of $256 A disbursement float of $1,765 A collection float of $1,765 A collection float of $413 A disbursement float of $256

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