Problem 27-4 Float and Weighted Average Delay a. Your neighbor goes to the post office once a month and picks up two checks, one for $13,200 and one for $4,200. The larger check takes four days to clear after it is deposited; the smaller one takes three days. Assume 30 days in a month. What is the total float for the month? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is the average daily float? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c-1. What are the average daily receipts? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c-2. What is the weighted average delay? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. b. Total float Average daily float C-1. Average daily receipts c-2. Weighted average delay days