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Business, 28.07.2021 05:00 nikitakhrabkov123

Nadine's Candies has a minimum level of $45,000 cash. The standard deviation of its net daily cash flows is $3,200 and it incurs $85 in cost each time it sells marketable securities. The daily interest rate on its marketable securities is 0.00031 and the optimal cash return point is $92,000. How is the upper limit for the cash balance computed

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Nadine's Candies has a minimum level of $45,000 cash. The standard deviation of its net daily cash f...
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