Question: Madison Corner writes 44 checks a day for an average amount of $553 each. These checks generally clear the bank 3 days after they are

Madison Corner writes 44 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 81 checks with an average amount of $646 each. Deposited amounts are available after an average of 2.5 days. What is the amount of the firm's collection float? S57819 $24,332 $52.326 $72.996

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