Question: ABC Company writes 320 checks a day for an average amount of $222each. These checks generally clear the bank 7 days. In addition, the firm

ABC Company writes 320 checks a day for an average amount of $222each. These checks generally clear the bank 7 days. In addition, the firm generally receives an average of $12, 893 a day in checks that are deposited immediately. Deposited funds are available in 2 days. What is the firm's collection float

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