Jumpdisk Company Writes Checks Averaging $15,000 a Day, and It

Multiple Choice

Jumpdisk Company writes checks averaging $15,000 a day, and it takes 5 days for these checks to clear. The firm also receives checks in the amount of $17,000 per day, but the firm loses three days while its receipts are being deposited and cleared. What is the firm's net float in dollars?

A) $126,000
B) $ 75,000
C) $ 32,000
D) $ 24,000
E) $ 16,000