Morris & Morris writes three checks a day for an average amount of $16,410 each.These checks generally clear the bank 2.5 days after they are written.In addition,the firm generally receives and deposits checks amounting to $21,618 each day.All deposits are available the next day.What is the firm's net float?
A)Net collection float of $21,618
B)Net collection float of $101,457
C)Net collection float of $144,693
D)Net disbursement float of $101,457
E)Net disbursement float of $144,693

Question

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The Answer of Morris & Morris writes three checks a day for an average amount of $16,410 each.These checks generally clear the bank 2.5 days after they are written.In addition,the firm generally receives and deposits checks amounting to $21,618 each day.All deposits are available the next day.What is the firm's net float?
A)Net collection float of $21,618
B)Net collection float of $101,457
C)Net collection float of $144,693
D)Net disbursement float of $101,457
E)Net disbursement float of $144,693

Morris & Morris Writes Three Checks a Day for an Average