Average Daily Collection of Cheques for a Firm Is $50,000

Average daily collection of cheques for a firm is $50,000.The firm also writes on the average $35,000 of cheques daily.If the collection period for cheques is 5 days, calculate the net float.

A) -$75,000
B) $75,000
C) ($425,000)
D) $425,000 Payment float = 35,000 x 5 = 175,000
Availability float = 50,000 x 5 = 250,000