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1). Using the Baumol Model of cash management please calculate the amount of cash that should be transferred, for the first and second quarters of

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1). Using the Baumol Model of cash management please calculate the amount of cash that should be transferred, for the first and second quarters of the upcoming year. Note: When doing quarterly projections you must use the quarterly sales figures from this year's (2010) income statement. Assume that the investment account will have a balance in excess of $35,000, although the exact amount is unknown at this time. (is work out both cost scenarios)

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