On a typical day, a company writes 79 checks worth a total of $10,680 that clear...

On a typical day, a company writes 79 checks worth a total of $10,680 that clear in 2.25 days. The company also collects 92 checks worth a total of $14,740 that clear in 1.75 days. Is this a collection or disbursement float? What is the float value?

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jeff jeffy answered 2 years ago

On a typical day, a company writes 72 checks worth a total of $10,540 that clear...

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