Question: Marston Corp. writes 44 checks a day for an average amount of $462 each. These checks generally clear the bank 3.5 days after they are
Marston Corp. writes 44 checks a day for an average amount of $462 each. These checks generally clear the bank 3.5 days after they are written. In addition, the firm generally receives 56 checks with an average amount of $550 each. Deposited amounts are available after an average of 3 days. What is the firm's disbursement float? Multiple Choice 0 $92.400 57448 $20.328
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