Economic Order Quantity. Assume that Everymans Bookstore uses up cash at a steady rate of $200,000 a
Question:
Economic Order Quantity. Assume that Everyman’s Bookstore uses up cash at a steady rate of $200,000 a year. The interest rate is 2 percent and each sale of securities costs $20.
a. How many times a year should the store sell securities?
b. What is its average cash balance?
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Related Book For 
Study Guide To Accompany Fundamentals Of Corporate Finance
ISBN: 9780073012421
5th Edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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