Your firm generally receives 4 checks a month. The check amounts and the collection delay for each c

Your firm generally receives 4 checks a month. The check amounts and the collection delay for each check is shown below. Given this information, what is the amount of the average daily float? Assume a 30-day month.

Show all work please. Item Number Item Amount Delay 1 $2,700 4 2 $7,700 5 3 $2,800 5 4 $4,800 3

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