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Your neighbor goes to the post office once a month and picks up two checks, one for $ 1 3 , 0 0 0 and
Your neighbor goes to the post office once a month and picks up two checks, one for $ and one for $ The larger check takes five days to clear after it is deposited; the smaller one takes four days. Assume days in a month.
a What is the total float for the month? Do not round intermediate calculations.
b What is the average daily float? Do not round intermediate calculations and round your answer to decimal places, eg
c What are the average daily receipts? Do not round intermediate calculations and round your answer to decimal places, eg
c What is the weighted average delay? Do not round intermediate calculations and round your answer to decimal places, eg
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