Question: Madison Corner writes 40 checks a day for an average amount of $537 each. These checks generally clear the bank 3.75 days after they are

Madison Corner writes 40 checks a day for an average amount of $537 each. These checks generally clear the bank 3.75 days after they are written. In addition, the firm generally receives 77 checks with an average amount of $622 each. Deposited amounts are available after an average of 3.25 days. What is the amount of the firm's collection float? Multiple Choice O $75,106 O O $80.550 C

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