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Saved 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

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Saved 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.) C- What are the average daily receipts? (Do not round intermediate calculations and 1. round your answer to 2 decimal places. e.g. 32.16.) C- 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. b. Total float Average daily float Average daily receipts Weighted average delay ch CH2. days

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