Decatur Arts Center writes 158 checks a day for an average amount of $211 each.These checks generally clear the bank 3.5 days after they are written.In addition,the firm generally receives an average of $50,000 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) $104,625.00
B) $116,683.00
C) $155,255.50
D) $170,450.00
E) $50,000.00
Correct Answer:
Verified
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