Your firm generally receives 4 checks a month. The check amounts and the collection delay for each check is shown below. Given this information, what is the amount of the average daily float? Assume a 30-day month.

Item Number	Item Amount	Delay
1	$9,600	5
2	$9,500	3
3	$10,400	4
4	$4,100	3

$9,813.33

$8,296.67

$5,466.67

$8,693.33

$4,346.67