Question: Ellcrys Corp. writes 53 checks a day for an average amount of $465 each. These checks generally clear the bank 2.75 days after they are

 Ellcrys Corp. writes 53 checks a day for an average amount

Ellcrys Corp. writes 53 checks a day for an average amount of $465 each. These checks generally clear the bank 2.75 days after they are written. In addition, the form generally receives 50 checks with an average amount of $514 each. Deposited amounts are available after an average of 2.25 days. Is this a disbursement or collection float? What is the value of the float? Multiple Choice A disbursement float of $9,949 A collection float of $11.744 A disbursement float of $11744 O A collection front of $9.949 A disbursement float of $7802

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