What are the average daily receipts-average daily receipts

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Our neighbor goes to the post office once a month and picks up two checks, one for $13,900 and one for $4,900. 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?

b. What is the average daily float?

c. What are the average daily receipts?

d. What is the weighted average delay?

Reference no: EM131355059

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