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Your neighbor goes to the post office once a month and picks up two checks, one for $14, 600 and one for $5, 600. The
Your neighbor goes to the post office once a month and picks up two checks, one for $14, 600 and one for $5, 600. The larger check takes four days to clear after it is deposited; the smaller one takes three days. Assume 30 days in a month. What is the total float for the month? Total float $ What is the average daily float? (Round your answer to 2 decimal places, e.g., 32.16.) Average daily float $ 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 $ 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
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