Question: Ellcrys Corp. writes 69 checks a day for an average amount of $529 each. These checks generally clear the bank 3.25 days after they are

Ellcrys Corp. writes 69 checks a day for an average amount of $529 each. These checks generally clear the bank 3.25 days after they are written. In addition, the firm generally receives 66 checks with an average amount of $610 each. Deposited amounts are available after an average of 2.75 days. Is this a disbursement or collection float What is the value of the float

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