Madison Corner writes 20 checks a day for an average amount of $630 each.These checks generally clear the bank 2.5 days after they are written.In addition,the firm generally receives an average of $18,400 a day in checks.Deposited amounts are available after 2 days.What is the amount of the firm's disbursement float?
A)$12,600
B)$25,800
C)$28,350
D)$29,840
E)$31,500

Question

Quizplus · Accepted Answer

Disbursement float = 20 × $630 × 2.5 = $31,500

Madison Corner Writes 20 Checks a Day for an Average