Your neighbor goes to the post office once a month and picks up two checks, one for

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Your neighbor goes to the post office once a month and picks up two checks, one for $$17,000$ and one for $$3,000.$ The larger check takes four days to clear after it is deposited; the smaller one takes six 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: 9780072313000

5th Edition

Authors: Stephen A Ross, Randolph W Westerfield

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Question Posted: May 24, 2024 03:02 AM

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Your neighbor goes to the post office once a month and picks up two checks, one for

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Fundamentals Of Corporate Finance

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