Shannara Manufacturing writes 40 checks a day for an average amount of $537 each that generally...

Shannara Manufacturing writes 40 checks a day for an average amount of $537 each that generally clear 3.75 days after they are written. In addition, the firm generally receives 48 checks each day with an average amount of $622 each that are available after 3.25 days. Is this a collection or disbursement float? What is the amount of the float?

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Madison Corner writes 26 checks a day for an average amount of $481 each. These checks...

Madison Corner writes 26 checks a day for an average amount of $481 each. These checks generally clear the bank 3.75 days after they are written. In addition, the firm generally receives 63 checks with an average amount of $538 each. Deposited amounts are available after an average of 3.25 days. What is the amount of the firm's collection float? a)$12506 b)$33894 c) $63,258 d) $110156

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