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Tenafly, Inc., writes 33 checks a day for an average amount of $509 each that generally clear 3.75 days after they are written. In addition,

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Tenafly, Inc., writes 33 checks a day for an average amount of $509 each that generally clear 3.75 days after they are written. In addition, the firm generally receives 41 checks each day with an average amount of $580 each that are available after 3.25 days. Is this a collection or disbursement float? What is the amount of the float? Multiple Choice A disbursement float of $16,091 A collection float of $16,091 A collection float of $14,296 A disbursement float of $14,296

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