Shannara Manufacturing writes 21 checks a day for an average amount of $461 each that generally...

 

Transcribed Image Text:

Shannara Manufacturing writes 21 checks a day for an average amount of $461 each that generally clear 2.5 days after they are written in addition, the firm generally receives 29 checks each day with an average amount of $508 each that are available after 2 days. Is this a collection or disbursement float? What is the amount of the float? Mutiple Choice A collection float of $6156 A disbursement float of $7057 A disbursement float of $5,262 A collection float of $5.262 A collection floor of $7,057 Shannara Manufacturing writes 21 checks a day for an average amount of $461 each that generally clear 2.5 days after they are written in addition, the firm generally receives 29 checks each day with an average amount of $508 each that are available after 2 days. Is this a collection or disbursement float? What is the amount of the float? Mutiple Choice A collection float of $6156 A disbursement float of $7057 A disbursement float of $5,262 A collection float of $5.262 A collection floor of $7,057

Answer rating: 100% (QA)

Answer A collection float of 5262 Exp... View the full answer