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KN Florals receives the same checks each month. Of these monthly checks, 48 are $82.60 each, 15 are for $71.50 each, and 9 are for
KN Florals receives the same checks each month. Of these monthly checks, 48 are $82.60 each, 15 are for $71.50 each, and 9 are for $40.70 each. The delay for the $82.60 checks is 1.8 days, for the $71.50 checks 1.1 days, and for the $40.70 checks 1.3 days. Calculate the average daily float. Assume a 30-day month.
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