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On a typical day, a company writes 51 checks worth a total of $8,920 that clear in 3.75 days. The company also collects 63 checks
On a typical day, a company writes 51 checks worth a total of $8,920 that clear in 3.75 days. The company also collects 63 checks worth a total of $10,090 that clear in 3.25 days. Is this a collection or disbursement float? What is the amount of the float? Multiple Choice A disbursement float of $1,170 A disbursement float of $658 A collection float of $815 0 0 0 0 A collection float of $658 A collection float of $1,170
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