On a typical day, Eminem Ltd Co writes 53 checks worth a total of $8,615 that clear in 2.5 days. Eminem Ltd Co also collects 65 checks worth a total of $10,190 that clear in 2 days. Is this a collection or disbursement float? What is the amount of the float?

Multiple Choice

• A collection float of $1,315

• A collection float of $1,575

• A collection float of $1,158

• A disbursement float of $1,575

• A disbursement float of $1,158

On a typical day, Eminem Ltd Co writes 53 checks worth a total of $8,615 that clear in 2.5 days. Eminem Ltd Co also collects 65 checks worth a total of $10,190 that clear in 2 days. Is this a collection or disbursement float? What is the amount of the float? Multiple Choice A collection float of $1,315 A collection float of $1,575 A collection float of $1,158 A disbursement float of $1,575 A disbursement float of $1,158