Question: The UpTowner writes 39 checks a day for an average amount of $918 each. These checks generally clear the bank 2.5 days after they are
The UpTowner writes 39 checks a day for an average amount of $918 each. These checks generally clear the bank 2.5 days after they are written. In addition, the firm generally receives an average of $53,419 a day in checks. The checks that are received are deposited immediately and the funds are generally available the following day. What is the amount of the firm's disbursement float?
A)$36,086
B)$89,505
C)$17,333
D)$53,419
E)$106,838
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