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. The firm's net float in dollars is:

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