Question: Virtucon writes 43 checks a day for an average amount of $549 each that generally clear 2.75 days after they are written. In addition, the

Virtucon writes 43 checks a day for an average amount of

Virtucon writes 43 checks a day for an average amount of $549 each that generally clear 2.75 days after they are written. In addition, the firm generally receives 51 checks each day with an average amount of $640 each that are available after 2.25 days. Is this a collection or disbursement float? What is the amount of the float? Multiple Choice A disbursement float of $8,521 A disbursement float of $10.316 o A collection float of $10,316 () A collection float of $9,415 O A collection float of $8,521

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