Question: Madison Corner writes 34 checks a day for an average amount of $513 each. These checks generally clear the bank 2.25 days after they are

Madison Corner writes 34 checks a day for an average amount

Madison Corner writes 34 checks a day for an average amount of $513 each. These checks generally clear the bank 2.25 days after they are written. In addition, the firm generally receives 71 checks with an average amount of $586 each. Deposited amounts are available after an average of 1.75 days. What is the amount of the firm's collection float? 0 $17,442 $41,606 $33,566 $72,81 $39,245

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