Your neighbor goes to the post office once a month and, Ask an Expert

Finance

Your neighbor goes to the post office once a month and picks up tow checks, one for $17,000 and one for $6,000. The larger check takes four days to clear after it is deposited; the smaller one takes five days.

a. What is the total float for the month?

b. What is the average daily float?

c. What are the average daily receipts and weighted average delay?

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M940406

Have any Question?Write your Review or question?

Related Questions in Basic Finance

What is the payback period for the following set of cash

What is the payback period for the following set of cash flows (answer should include the fraction of the last year needed for a full payback)? What is the IRR? Year 0 = -256,000, Year 1 = 35,000, Year 2 = 77,000, Year 3 ...

Matt johnson delivers newspapers and is putting away 15 at

Matt Johnson delivers newspapers and is putting away ?$15 at the end of each month from his paper route collections. Matt is 10 years old and will use the money when he goes to college in 8 years. What will be the value ...

A company recently had 26 million shares outstanding

A company recently had 26 million shares outstanding trading at $45/share. The company announces its intention to raise $290M by selling new shares. What percentage of the value of the company's existing equity prior to ...

Discuss hsbc ring-fencing strategy and the setting up of

Discuss HSBC ring-fencing strategy and the setting up of HSBC UK?

Franks is looking at a new sausage system with an installed

Franks is looking at a new sausage system with an installed cost of $375,000. This cost will be depreciated straight-line to zero over the project's five-year life, at the end of which the sausage system can be scrapped ...

You are considering an investment in a mutual fund with a 5

You are considering an investment in a mutual fund with a 5% front-end load and an expense ratio of 1.35%. You can invest instead in a bank CD paying 7% interest. a. If you plan to invest for six years, what annual rate ...

A company has a capital structure of 39 debt 21 preferred

A company has a capital structure of 39% debt, 21% preferred equity and 40% common equity. The cost of debt financing is 3.25%, the cost of preferred equity financing is 7.38%, and the cost of common equity financing is ...

A study finds that the prices of stocks prior to large

A study finds that the prices of stocks prior to large dividend increases show on average consistently positive abnormal returns. Is this a violation of the efficient market hypothesis? Explain.

Is there a particular capital structure that maximizes the

Is there a particular capital structure that maximizes the value of the firm? Explain.

You are an analyst following a large value firm the beta of

You are an analyst following a large "value" firm. The beta of the firm's stock is 1. The firm uses the capital asset pricing model for project valuation: for typical projects the firm uses a cost of equity capital equal ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert