If a separate firm had the following limits using Miller-Orr, it would manage cash by... Cash balances Upper controllimit $30,206 Z* + Lower controllimit $13,402 $5,000 Lower control limit Time Cash balances $30,206 Upper controllimit Z* + Lower controllimit $13,402 $5,000 Lower control limit Time 0 ...investing $16,804 if the cash balance reached the UCL. O ... liquidating investments if the cash balances is less than $13,402. 0 ... liquidating $5,000 in investments if the cash balance reached the LCL