Your Firm Generally Receives Only 2 Checks a Month

Your firm generally receives only 2 checks a month. The check amounts and the collection delay for each check are shown below. Given this information, what is the amount of the average daily float? Assume that a month has 30 days.

A) $533.33
B) $833.33
C) $1,333.33
D) $2,666.67
E) $4,000.00