On a typical day, a company writes 83 checks worth a total of $10,760 that clear in 3

Finance Dec 09, 2021

On a typical day, a company writes 83 checks worth a total of $10,760 that clear in 3.25 days. The company also collects 96 checks worth a total of $14,800 that clear in 2.75 days. Is this a collection or disbursement float? What is the float value? Multiple Choice A collection float of $4,040 A collection float of $5,887 A disbursement float of $4,040 A disbursement float of $5,730 o A collection float of $5,730