On any given day,a firm receives numerous checks worth an average combined total of $5,900.The funds from the deposited checks are generally available after two days.Every day,the firm mails out checks totaling $4,400 that generally take three days to clear the bank.What is the amount of the collection float?
A) $4,400
B) $5,900
C) $11,800
D) $13,250
E) $13,400
Correct Answer:
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