ABC CorpDisburses $4 Million Annually and Keeps Idle Funds in Treasury

question 19

Multiple Choice

ABC Corp.disburses $4 million annually and keeps idle funds in Treasury bills which earn an average of 5 percent and incur a fixed cost of $35 each time a cash conversion is made.What is the average amount of cash that ABC Corp.should have on hand?

• A)$16,733
• B)$33,466
• C)$37,417
• D)$74,833 optimal cash sale
• =
• =
• = $74,833

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A statistical measure expressing the number of crimes reported per unit of population in a given area or period.

Variance

A measure of the dispersion or spread of a set of data points around their mean; it quantifies the degree to which these points differ from the mean.

Original Data

The initial dataset collected or received before any processing, manipulation, or analysis has been done.