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23 23. A firm receives 12 checks per month from customers. Average payments and clearing times are: 4 checks for $11,000 (per check). 2 days;

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23. A firm receives 12 checks per month from customers. Average payments and clearing times are: 4 checks for $11,000 (per check). 2 days; and 8 checks for $17.000(per check). 5 days. Assume a 30-day month. (i) What are average daily receipts? (ii) What the weighted average delay of the receipts (iii) What is the average daily float? Give a one-sentence interpretation of the result in part (Gi

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