On average, LB Inc. receives 138 payments each day with an average value of $42 each. These payments clear the bank in an average of 1.3 days. In addition, it disburses 2.2 checks a day with an average amount of $2,250. These checks clear the bank in two days. What is the average amount of the collection float?Multiple Choicea) $18,473b) $3,401c) $7,535d) $41,965e) $49,500
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On average, LB Inc. receives 138 payments each day with an average value of $42 each. These payments...
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