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On a typical day, a company writes 66 checks worth a total of $10,420 that clear in 2.5 days. The company also collects 79 checks
On a typical day, a company writes 66 checks worth a total of $10,420 that clear in 2.5 days. The company also collects 79 checks worth a total of $14,545 that clear in 2 days. Is this a collection or disbursement float? What is the float value? Multiple Choice A disbursement float of $4,125 A collection float of $3,040 o A collection float of $3,197 o
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