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Consider the following case of Dallas Assemblers Inc.: Imagine that Dallas Assemblers Inc. is a manufacturing company. Dallas's financial managers have begun running a lot
Consider the following case of Dallas Assemblers Inc.: Imagine that Dallas Assemblers Inc. is a manufacturing company. Dallas's financial managers have begun running a lot of the firm's banking affairs through a larger bank. The new bank has more experience dealing with firms of Dallas's stature. The new bank charges very low fees for its services but does require that Dallas keep a minimum balance in its account. What type of cash balance is this? Speculative Transactions Precautionary Compensating
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