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Given the following information about the cash management of the Evergreen Company: Average cash payment is $120,000 per month. The company invests spare cash in
Given the following information about the cash management of the Evergreen Company: Average cash payment is $120,000 per month. The company invests spare cash in Treasury Bills at an annual interest rate of 3.90%. The cost of each transaction of Treasury bills is $25. What is the average cash balance of the Evergreen Company?
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SOLUTION To find the average cash balance of the Evergreen Company we need to consider the cash infl...
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Fraud examination
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
4th edition
538470844, 978-0538470841
