Question: Madison Corner writes 4 2 checks a day for an average amount of $ 5 4 5 each. These checks generally clear the bank 2

Madison Corner writes 42 checks a day for an average amount of $545 each. These checks generally clear the bank 2.5 days after they are written. In addition, the firm generally receives 79 checks with an average amount of $634 each. Deposited amounts are available after an average of 2 days. What is the amount of the firm's collection float?

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