1. Calculating Float In a typical month, the Star Name Corporation receives 280 checks totaling $ 1,400. These are delayed 8 days on average. What is the average daily float? $ Points: 10 2. Calculating Net Float Each business day, on average, a company writes checks totaling $ 800 to pay its suppliers. The usual clearing time for the checks is 4 days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $ 960. The cash from the payments is available to the firm after 1 day. Calculate the company's disbursement float, collection float, and net float. a. Disbursement float: $ Points: 2.5 b. Collection float: $ Points: 2.5 c. Net float: $ Points: 2.5 d. If the collected funds were available in 2 days instead of 1, calculate the company's net float. Net float: $ Points: 2.5