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The Eliot Co.needs $185,000 a week to pay bills.The standard deviation of the weekly disbursements is $17,600.The firm has established a lower cash balance limit of $75,000.The applicable interest rate is 5.5 percent and the fixed cost of transferring funds is $47.Based on the BAT model,what is the optimal initial cash balance?
1865
Signifies the year marked by significant events like the end of the American Civil War and the abolition of slavery in the United States following the 13th Amendment.
United States
A country located in North America, known for its significant impact on global finance, culture, and politics.
Population Doubled
A demographic condition where the number of individuals in a specific area or the world has increased to twice its size within a certain period.
1789
The year notable for the start of the French Revolution, marking significant changes in France and influencing revolutions globally.
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