On a typical day, a company writes 64 checks worth a total of $9,585 that clear in 3.5 days. The company also collects 76 checks worth a total of $10,740 that clear in 3 days. Is this a collection or disbursement float? What is the amount of the float?

a.

A disbursement float of $1,155

b.

A collection float of $1,328

c.

A disbursement float of $1,328

d.

A collection float of $1,485

e.

A collection float of $1,155