What is the weighted average delay

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Reference no: EM131608370

Your neighbor goes to the post office once a month and picks up two checks, one for $13,600 and one for $4,600. 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? Total float $ b. What is the average daily float? (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.

Reference no: EM131608370

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