Question: Ellcrys Corp. writes 57 checks a day for an average amount of $481 each. These checks generally clear the bank 3.75 days after they are

Ellcrys Corp. writes 57 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 54 checks with an average amount of $538 each. Deposited amounts are available after an average of 3.25 days. Is this a disbursement or collection float? What is the value of the float?

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