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On a typical day, a company writes 49 checks worth a total of $8,750 that clear in 3.25 days: The company also collects 61 checks

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On a typical day, a company writes 49 checks worth a total of $8,750 that clear in 3.25 days: The company also collects 61 checks worth a total of $9.990 that clear in 2.75 days. Is this a collection or disbursement float? What is the amount of the floot? Multiple Choice A disburstiment float of $965 A collection flost of $1,122 A collection floot of $1,240

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