Question: QUESTION TWO (20 POINTS) (a) You go to the post office once a month and picks up two cheques: one for $17000 and o. for

QUESTION TWO (20 POINTS) (a) You go to the post office

QUESTION TWO (20 POINTS) (a) You go to the post office once a month and picks up two cheques: one for $17000 and o. for $6000. The larger cheque takes four days to clear after it is deposited: the smaller one takes five days. (1) What is the total float for the month (4 points) (2) What is the average daily float (4 Points) (3) What are the average daily receipts and weighted average delay? (4 Points)

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