Question: Ellcrys Corp. writes 73 checks a day for an average amount of $545 each. These checks generally clear the bank 25 days after they are

Ellcrys Corp. writes 73 checks a day for an average amount

Ellcrys Corp. writes 73 checks a day for an average amount of $545 each. These checks generally clear the bank 25 days after they are written. In addition, the firm generally receives 70 checks with an average amount of $634 each. Deposited amounts are available after an average of 2 days. Is this a disbursement or collection float? What is the value of the float? Multiple Choice O A disbursement float of $12.498 c ) A disbursement out of $10703 O A disbursement float of $8.556 O A collection foot of $10.703 O A collection Host of $12,098

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