Question: Ellcrys Corp. writes 54 checks a day for an average amount of $469 each. These checks generally clear the bank 3 days after they are

Ellcrys Corp. writes 54 checks a day for an average amount of $469 each. These checks generally clear the bank 3 days after they are written. In
addition, the firm generally receives 51 checks with an average amount of $520 each. Deposited amounts are available after an average of 2.5 days
Is this a disbursement or collection float? What is the value of the float?
Multiple Choice
A) A disbursement float of $11,473
B) A collection float of $9,678
C) A disbursement float of $7,531
D) A disbursement float of $9,678
E) A collection float of $11,473

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