Business
Business, 18.02.2020 16:24, magics

Your neighbor goes to the post office once a month and picks up two checks, one for $11,000 and one for $3,400. The larger check takes four days to clear after it is deposited; the smaller one takes five days. Assume 30 days in a month.
a. What is the total float for the month?
b. What is the average daily float?
c-1. What are the average daily receipts?
c-2. What is the weighted average delay?

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Your neighbor goes to the post office once a month and picks up two checks, one for $11,000 and one...

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