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On any given day, a firm receives numerous checks worth an average combined total of $5,900. The funds from the deposited checks are generally available
On any given day, a firm receives numerous checks worth an average combined total of $5,900. The funds from the deposited checks are generally available after 1.5 days. Every day, the firm mails out checks totaling $4,400 that generally take 3 days to clear the bank. What is the amount of the collection float
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