Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 1 Your neighbour goes to the post office once a month and picks up two cheques, one for 1 8 , 0 0

Question 11
Your neighbour goes to the post office once a month and picks up two cheques, one for 18,000 and one for 4,000. The larger cheque takes 4 days to clear after it is deposited; the smaller one takes 6 days. Assume 30 days per month. What is the weighted average delay?
4.36 days
4.78 days
5.00 days
4.21 days
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Art Of Tehnical Analysis

Authors: Strahinja Osmokrovic

1st Edition

979-8852314680

More Books

Students also viewed these Finance questions

Question

What are the characteristics of ineffective communication?

Answered: 1 week ago