In a typical month, the Monk Corporation receives 80 checks totaling $113,000. These are delayed four days on average. What is the average daily float? Assume 30 days in a month. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Average daily float Each business day, on average, a company writes checks totaling $17,000 to pay its suppliers. The usual clearing time for the checks is four days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $22,000. The cash from the payments is available to the firm after two days. a. Calculate the company's disbursement float, collection float, and net float. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) Disbursement float Collection float Net float b. If the collected funds were available in one day instead of two, what would be the company's disbursement float, collection float, and net float? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) Disbursement float Collection float Net float Your neighbor goes to the post office once a month and picks up two checks, one for $10,700 and one for $4,600. The larger check takes four days to clear after it is deposited; the smaller one takes three days. Assume 30 days in a month. a. What is the total float for the month? (Do not round intermediate calculations.) b. What is the average daily float? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) - What are the average daily receipts? (Do not round intermediate calculations and 1. round your answer to 2 decimal places, e.g., 32.16.) - What is the weighted average delay? (Do not round intermediate calculations and 2. round your answer to 2 decimal places, e.g., 32.16.) a. Total float b. Average daily float C-1. Average daily receipts c-2. Weighted average delay days