Which one of the following collection times is correctly described? Mailing time begins when a bill is mailed and ends when the payment is received. Processing delay begins when a bill is mailed and ends when the payment of that bill is deposited into the bank. Availability delay begins when a payment is deposited and ends when the cash from that payment is available for spending. Collection time begins when a bill is mailed and ends when the cash payment is available for spending. The processing delay starts when a bill is mailed and ends when the payment is received