Question: Ellcrys Corp. writes 75 checks a day for an average amount of $553 each. These checks generally clear the bank 3 days after they are

 Ellcrys Corp. writes 75 checks a day for an average amount

Ellcrys Corp. writes 75 checks a day for an average amount of $553 each. These checks generally clear the bank 3 days after they are written. In addition, the firm generally receives 72 checks with an average amount of $646 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? A disbursement float of $5,998 A collection float of $8,145 O A disbursement float of $8,145 O A disbursement float of $9,940 A collection float of $9,940

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