Business, 25.02.2020 00:39, destromero

Your 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?

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