Question: 42 Melgar Engineering receives three checks per month. The first check is for $194,000 and takes two days to clear. The second check is for


42 Melgar Engineering receives three checks per month. The first check is for $194,000 and takes two days to clear. The second check is for $318,000 and clears in one day. The third check is for $38,000 and clears in 2.5 days. What is the weighted average delay, the average daily receipts, and the average daily float? Assume a 30-day month. Multiple Choice 1.83 days; $16,667; $23,333 1.46 days; $18,667; $27,333 1.83 days; $18,447; $26,700 1.46 days; $18,333; $26,700 1.51 days; $18,447; $27,800 45 Weng Window Treatments receives five checks per month. These checks average $811, $416, $6,420, $22,900, and $8,700. The three larger sized check amounts are available after 1.5 days while the two smaller check amounts are available after one day. What is the weighted average delay? Multiple Choice 1.48 days 1.39 days O 1.46 days O 1.37 days 1.00 day
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