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