Tenafly, Inc., writes 29 checks a day for an average amount of $493 each that generally clear 2.75 days after they are written. In addition, the firm generally receives 37 checks each day with an average amount of $556 each that are available after 2.25 days. Is this a collection or disbursement float? What is the amount of the float? Multiple Choice A collection float of $7,864 A disbursement float of $6,970 A collection float of $6,970 A disbursement float of $8,765 A collection float of $8,765