Your fiRm Spends $21,000 a Week to Pay Bills and Maintain

question 225

Multiple Choice

Your firm spends $21,000 a week to pay bills and maintain a lower cash balance limit of $20,000. The standard deviation of the disbursements is $5,000. The applicable weekly interest rate is .065
Percent and the fixed cost of transferring funds is $45. What is your cash balance target based on
The Miller-Orr model?

• A) $30,908
• B) $31,212
• C) $31,336
• D) $31,407
• E) $31,511

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Individuals who were once enslaved but gained freedom through various means such as emancipation, legal changes, or escape.

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The possession of land by an individual, organization, or government, including the rights to use, rent, or sell it.

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