Question: Ellcrys Corp. writes 63 checks a day for an average amount of $505 each. These checks generally clear the bank 3.5 days after they are

Ellcrys Corp. writes 63 checks a day for an average amount of $505 each. These checks generally clear the bank 3.5 days after they are written. In addition, the firm generally receives 60 checks with an average amount of $574 each. Deposited amounts are available after an average of 3 days. Is this a disbursement or collection float? What is the value of the float? A collection float of $8,033 A disbursement float of $8,033 A disbursement float of $5,886 A disbursement float of $9,828 A collection float of $9,828

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