Your neighbor goes to the post office once a month and picks up two checks, one for $13,000 and one for $3,000. The larger check takes 2 days to clear after it is deposited; the smaller one takes 4 days. Assume 30 days per month.   1. What is the total float for the month?           2. What is the average daily float?

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Q: cost

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A: Savings= Average Receipt*Number of Checks Per Day*Time Saved= 65*8700*2= 1131000

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A: > now calculate the total float as follows below:..> Total float = 8000

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A: Average daily float is the amount of daily transaction that will occur on the daily basis on an…

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A: Formula. average daily float = total float amountnumber of days in a month

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Q: am. 159.

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