On any given day, a firm receives and deposits numerous checks worth an average combined total of $9,215.The funds from the deposited checks are generally available after two days.Every day, the firm mails out checks totaling $7,300 that generally take three days to clear the bank.What is the amount of the collection float if the opening bank balance was $9,200?
A)$14,230
B)$15,970
C)$18,430
D)$7,300
E)$11,130

Question

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The Answer of On any given day, a firm receives and deposits numerous checks worth an average combined total of $9,215.The funds from the deposited checks are generally available after two days.Every day, the firm mails out checks totaling $7,300 that generally take three days to clear the bank.What is the amount of the collection float if the opening bank balance was $9,200?
A)$14,230
B)$15,970
C)$18,430
D)$7,300
E)$11,130

On Any Given Day, a Firm Receives and Deposits Numerous