Given the following information, calculate the target cash balance using the BAT model: Annual interest rate.................6% Fixed

Question:

Given the following information, calculate the target cash balance using the BAT model:
Annual interest rate.................6%
Fixed order cost....................$25
Total cash needed..............$8,500
How do you interpret your answer?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

Question Posted: