Question: 1. Calculating Float [LO1] In a typical month, the Monk Corporation receives 80 checks totaling $113,000. These are delayed four days on average. What is

1. Calculating Float [LO1] In a typical month, the Monk Corporation receives 80 checks totaling $113,000. These are delayed four days on average.

1. Calculating Float [LO1] In a typical month, the Monk Corporation receives 80 checks totaling $113,000. These are delayed four days on average. What is the average daily float? Assume 30 days in a month. A B D E F G H 1 J K 1 Chapter 19 Question 1 2 3 4 5 Input Area: 6 7 8 $ Checks received Value of checks Days delayed Days per month 80 113.000 4 30 9 10 11 12 13 Output: 14 15 16 17 Average daily float 18 19 20 21 22 23 24 25

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