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Your neighbor goes to the post office once a month and picks up two checks, one for $14,800 and one for $5,800. The larger check
Your neighbor goes to the post office once a month and picks up two checks, one for $14,800 and one for $5,800. The larger check takes five days to clear after it is deposited; the smaller one takes four days. Assume 30 days in a month a. What is the total float for the month? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Total float b. What is the average daily float? (Do not round intermediate calculations and 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
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