Shannara Manufacturing writes 42 checks a day for an average amount of $545 each that generally clear 2.5 days after the
Posted: Sat Nov 27, 2021 5:35 pm
Shannara Manufacturing writes 42 checks a day for an average
amount of $545 each that generally clear 2.5 days after they are
written. In addition, the firm generally receives 50 checks each
day with an average amount of $634 each that are available after 2
days. Is this a collection or disbursement float? What is the
amount of the float?
a) -a collection float of $6175
b) -A disbursement float of $7,970
c)-A collection float of $7,970
d)-A collection float of $7,069
e)-A disbursement float of $6,175
amount of $545 each that generally clear 2.5 days after they are
written. In addition, the firm generally receives 50 checks each
day with an average amount of $634 each that are available after 2
days. Is this a collection or disbursement float? What is the
amount of the float?
a) -a collection float of $6175
b) -A disbursement float of $7,970
c)-A collection float of $7,970
d)-A collection float of $7,069
e)-A disbursement float of $6,175