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Your neighbor goes to the post office once a month and picks up two checks, one for $9,200 and one for $2,400. The larger check

Your neighbor goes to the post office once a month and picks up two checks, one for $9,200 and one for $2,400. The larger check takes four days to clear after it is deposited; the smaller one takes five days. Assume 30 days in a month.

a. What is the total float for the month?
b. What is the average daily float? (Round your answer to 2 decimal places, e.g., 32.16.)
c-1. What are the average daily receipts? (Round your answer to 2 decimal places, e.g., 32.16.)
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.)

A: Total Float:

B: Average daily Float:

C-1 Average daily receipts:

C-2: Weighted average delay:

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