Question: Smelpank, Inc., estimates that it takes, on average, four days for their customers' payments to reach them, three days for the payments to be processed

Smelpank, Inc., estimates that it takes, on average, four days for their customers' payments to reach them, three days for the payments to be processed and deposited by their bookkeeping department, and three more days for the check to clear once they are deposited. What is their collection float?

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