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Business, 06.05.2020 06:24 markfaerman5408

Llcrys Corp. writes 52 checks a day for an average amount of $461 each. These checks generally clear the bank 2.5 days after they are written. In addition, the firm generally receives 49 checks with an average amount of $508 each. Deposited amounts are available after an average of 2 days.
Required:
a. Is this a disbursement or collection float?

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Llcrys Corp. writes 52 checks a day for an average amount of $461 each. These checks generally clear...
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