Shannara Manufacturing writes 38 checks a day for an average amount of $529 each that generally clear 3.25 days after they are written. In addition, the firm generally receives 46 checks each day with an average amount of $610 each that are available after 2.75 days. Is this a collection or disbursement float? What is the amount of the float?

Multiple Choice

• A disbursement float of $11,834

• A collection float of $12,728

• A disbursement float of $13,629

• A collection float of $13,629

• A collection float of $11,834