Question: Marston Corp. writes 43 checks a day for an average amount of $458 each. These checks generally clear the bank 3.25 days after they are
Marston Corp. writes 43 checks a day for an average amount of $458 each. These checks generally clear the bank 3.25 days after they are written. In addition, the firm generally receives 55 checks with an average amount of $547 each. Deposited amounts are available after an average of 2.75 days. What is the firm's disbursement float?
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$64,006
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$82,734
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$19,694
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$30,085
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$18,728
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