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to arrange a Question 52 1 pts Your firm generally receives 4 cheques a month. The cheque amounts and the collection delay for each cheque

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to arrange a Question 52 1 pts Your firm generally receives 4 cheques a month. The cheque amounts and the collection delay for each cheque are shown below. Given this information, what is the amount of the average daily float? Assume that a month has 30 days. Item Number 1 2 Item Amount $15,600 $4,100 $7.900 $12.800 Delay 4 days 2 days 2 days 3 days 3 4 $7.800 $31,200 $11.345 $4,160 $22,600

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