Your neighbor goes to the post office once a month and picks up two checks, one for

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Your neighbor goes to the post office once a month and picks up two checks, one for $17,000 and one for $6,000. The larger check takes four days to clear after it is deposited; the smaller one takes five days.

What is the total fl oat for the month? What is the average daily float? What are the average daily receipts and weighted average delay?

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Dec 16, 2016 02:03 PM

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Your neighbor goes to the post office once a month and picks up two checks, one for

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Given data Check 1 value 17000 Check 2 val...View the full answer

Fundamentals of corporate finance

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