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On a typical day, a company writes 67 checks worth a total of $9,125 that clear in 2.5 days. The company also collects 79 checks
On a typical day, a company writes 67 checks worth a total of $9,125 that clear in 2.5 days. The company also collects 79 checks worth a total of $10,890 that clear in 2 days. Is this a collection or disbursement float? What is the amount of the float?
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A disbursement float of $1,033
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A collection float of $1,190
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A disbursement float of $1,765
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A collection float of $1,033
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A collection float of $1,765
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