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	$6,600	5

2

$6,600

5

3

$7,800

4

4

$5,200

6

8,560.00

4,280.00

8,174.80

5,435.60

11,598.80