Question: Madison Corner writes 37 checks a day for an average amount of $525 each. These checks generally clear the bank 3 days after they are

Madison Corner writes 37 checks a day for an average amount of $525 each. These checks generally clear the bank 3 days after they are written. In addition, the firm generally receives 74 checks with an average amount of $604 each. Deposited amounts are available after an average of 2.5 days. What is the amount of the firm's collection float?

-111740

-19425

-53465

-44696

-58275

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