Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On a typical day, a company writes 60 checks worth a total of $8.945 that clear in 2.5 days. The company also collects 72 checks
On a typical day, a company writes 60 checks worth a total of $8.945 that clear in 2.5 days. The company also collects 72 checks worth a total of $10,540 that clear in 2 days. Is this a collection or disbursement float? What is the amount of the float? Multiple Choice O A collection float of $1595 0 A collection float of $1.440 O A disbursement float of $1,595 0 A collection float of $1283 0 A disbursement float of $1283
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started