Sports 'N More sends 5 checks per month. These checks average $811, $416, $6,420, $22,900, and $8,700.

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Sports 'N More sends 5 checks per month. These checks average $811, $416, $6,420, $22,900, and $8,700. The three largest checks clear in 1.5 days, while the two smallest checks clear in one day.

What is the weighted average delay?

Related Book For answer-question

Financial Management for Public Health and Not for Profit Organizations

ISBN: 978-0132805667

4th edition

Authors: Steven A. Finkler, Thad Calabrese

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Posted Date: Jun 26, 2023 04:20 AM

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Sports 'N More sends 5 checks per month. These checks average $811, $416, $6,420, $22,900, and $8,700.

Question:

Expert Answer:

To calculate the weighted average delay we need to multiply the time it takes for each check to clea... View the full answer

Financial Management for Public Health and Not for Profit Organizations

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