Question: MC algo 19-8 Net Float On a typical day, a company writes 74 checks worth a total of $10,580 that clear in 2.75 days. The
MC algo 19-8 Net Float On a typical day, a company writes 74 checks worth a total of $10,580 that clear in 2.75 days. The company also collects 87 checks worth a total of $14,665 that clear in 2.25 days. Is this a collection or disbursement float? What is the float value? Multiple Choice A disbursement float of $3,901 A collection float of $3,901 OOO A disbursement float of $4,085 A collection float of $4,058
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