Homework answers / question archive / On a typical day, a company writes 47 checks worth a total of $8,455 that clear in 2

On a typical day, a company writes 47 checks worth a total of $8,455 that clear in 2

Finance

Share With

On a typical day, a company writes 47 checks worth a total of $8,455 that clear in 2.75 days. The company also collects 59 checks worth a total of $10,220 that clear in 2.25 days. Is this a collection or disbursement float? What is the amount of the float?