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Shannara Manufacturing writes 41 checks a day for an average amount of $541 each that generally clear 2.25 days after they are written. In addition,
Shannara Manufacturing writes 41 checks a day for an average amount of $541 each that generally clear 2.25 days after they are written. In addition, the firm generally receives 49 checks each day with an average amount of $628 each that are available after 1.75 days. Is this a collection or disbursement float? What is the amount of the float? Multiple Choice A collection float of $4,838 A disbursement float of $3,944 A collection float of $5,739 A disbursement float of $5,739 A collection float of $3,944
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