The Pear Company is applying the Miller-Orr model to their cash management. They determined that the return
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The Pear Company is applying the Miller-Orr model to their cash management. They determined that the return point is $12,000, the lower limit is $5,000, and the upper limit is $26,000. Explain what this information means to Pear’s cash management.
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Related Book For
Financial Management And Analysis (Frank J. Fabozzi Series)
ISBN: 9780471477617
2nd Edition
Authors: Frank J. Fabozzi, Pamela P. Peterson
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