Your neighbor goes to the post office once a month and picks up two checks, one for $13,200 and one for $4,200. 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?

Total float

$

b.	What is the average daily float? (Round your answer to 2 decimal places, e.g., 32.16.)

Average daily float

$

c-1	What are the average daily receipts? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Average daily receipts

$

c-2	What is the weighted average delay? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Weighted average delay

days