Multiple Choice
KL Textiles writes 22 checks a day for an average amount of $827 each.These checks generally clear the bank 3.5 days after they are written.In addition, the firm generally receives an average of $23,902 a day in checks.Deposited amounts are available after one day.What is the amount of the firm's disbursement float?
A) $11,951
B) $23,902
C) $39,777
D) $29,840
E) $63,679
Correct Answer:
Verified
Correct Answer:
Verified
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