Question: 4. Float and Weighted Average Delay [LO1] Your neighbor goes to the post office once a month and picks up two checks, one for $13,000

4. Float and Weighted Average Delay [LO1] Your neighbor goes to

4. Float and Weighted Average Delay [LO1] Your neighbor goes to the post office once a month and picks up two checks, one for $13,000 and one for $4,500. The larger check takes four days to clear after it is deposited; the smaller one takes three 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 and weighted average delay

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