Question: MC Enterprises estimates that it takes, on average, 9 days for their customers' payments to reach them, 2 day for the payments to be processed

MC Enterprises estimates that it takes, on average, 9 days for their customers' payments to reach them, 2 day for the payments to be processed and deposited by their bookkeeping department, and 3 more days for the check to clear once they're deposited. What is their collection float?

11 days

12 days

14 days

9 days

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