Your neighbor goes to the post office once a month and picks up two checks, one for $16,000 and one for $5,000. The larger check takes 2 days to clear after it is deposited; the smaller one takes 3 days. Assume 30 days per month.

Requirement 1:

What is the total float for the month?

(Click to select)$47,000$45,120$48,880$21,000$58,000

Requirement 2:

What is the average daily float?

(Click to select)$16,166.67$1,566.67$480$48,333.33$64,520

Requirement 3:
(a)	What is the average daily receipts?
	(Click to select)$32,500.00$700.00$735.00$665.00$714.00

(b)	What is the weighted average delay?
	(Click to select)2.24 days3.79 days2.76 days3.78 days3.80 days

rev: 09_21_2012