Float and Weighted Average Delay your neighbor goes to the post office once a month and picks

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Float and Weighted Average Delay your neighbor goes to the post office once a month and picks up two checks, one for $13,000 and one for $4,000. The larger check takes four days to clear after it is deposited; the smaller one takes five days.

a. What is the total float for the month?

b. What is the average daily float?

c. what are the average daily receipts and weighted average delay?

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th Edition

Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan

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Question Posted: May 09, 2011 06:18 AM

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Float and Weighted Average Delay your neighbor goes to the post office once a month and picks

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a Total float 413000 54000 Total float 72000 b The average daily f...View the full answer

Fundamentals of Corporate Finance

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