A company writes 22 checks a day for an average amount of $465 each. These check...
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A company writes 22 checks a day for an average amount of $465 each. These checks generally clear the bank 2.75 days after they are written. In addition, the firm generally receives 47 checks with an average amount of $514 each. Deposited amounts are available after an average of 2.25 days. What is the amount of the firm's collection float?
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