Management of cash balance Personal finance Problem Alexis Morris, an assistant manager at a local department store, pots paid every 2 weeks by direct deposit into her checking account This account pays no interest and has no minimum balance requirement. Her monthly income is $4,310. Alexis has a "target cash balance of around $1,280, and whenever it exceeds that amount she transfers the excess into her savings account, which currently pays 1.9% annual interest. Her current savings balance is $15,500, and Alexis estimates she transfers about $220 pe month from her checking account into her savings account. Alexis doesn't waste any time in paying her bills, and her monthly bills average about $1,900. Her monthly cash outlay for food, gas and other sundry items totals about $820. Reviewing her payment habits indicates that on average she pays her bills 11 days early. At this time, most marketable securities are yielding about 4.83% annual interest. Show how Alexis can better manage her cash balance: a. What can Alexis do regarding the handling of her current balances? b. What do you suggest that she do with her monthly surpluses? c. What do you suggest Alexis do about the manner in which she pays her bils? d. Can Alexis grow her investment income by better managing her cash balances? a. What can Alexis do regarding the handing of her current balances? (Select the best answer below.) O A. Alexis should transfer her current savings account balances into the liquid marketable security OB. Alexis should look for a checking account that pays at least 1.9% Oc. Alexis should lower her "target cash balance to around $896. OD. Alexis should increase her "targer cash balance to around $1,664 b. What do you suggest that she do with her monthly surpluses? (Select the best answer below.) O A. Alexis should transfer monthly the $820 from her checking account to the liquid marketable security B. Alexis should transfer monthly the $820 from her checking account to her savings account. OC. Alexis should transfer monthly the $220 from her checking account to the liquid marketable security. Click to select your answer. MacBook Air a. What can Alexis do regarding the handling of her current balances? b. What do you suggest that she do with her monthly surpluses? c. What do you suggest Alexis do about the manner in which she pays her bills? d. Can Alexis grow her investment income by better managing her cash balances? O. Mes should transfer mominiye 20 from ner checking account to the liquid ma ei security OD. Alexis should transfer monthly the $220 from her checking account to her savings account. c. What do you suggest Alexis do about the manner in which she pays her bils? (Select the best answer below) O A. Alexis should slow down payments of her bills until they are due. OB. Alexis should pay her bills late every other month to increase her cash flow OC. Alexis should keep paying her bills as in the past. O D. Alexis should try to spend less for food, gas, and other sundry items. d. Can Alexis grow her investment income by better managing her cash balances? (Select from the drop-down menu.) Alexis' annual earnings grow by following the above recommendations Click to select your ans would would not Management of cash balance Personal finance Problem Alexis Morris, an assistant manager at a local department store, pots paid every 2 weeks by direct deposit into her checking account This account pays no interest and has no minimum balance requirement. Her monthly income is $4,310. Alexis has a "target cash balance of around $1,280, and whenever it exceeds that amount she transfers the excess into her savings account, which currently pays 1.9% annual interest. Her current savings balance is $15,500, and Alexis estimates she transfers about $220 pe month from her checking account into her savings account. Alexis doesn't waste any time in paying her bills, and her monthly bills average about $1,900. Her monthly cash outlay for food, gas and other sundry items totals about $820. Reviewing her payment habits indicates that on average she pays her bills 11 days early. At this time, most marketable securities are yielding about 4.83% annual interest. Show how Alexis can better manage her cash balance: a. What can Alexis do regarding the handling of her current balances? b. What do you suggest that she do with her monthly surpluses? c. What do you suggest Alexis do about the manner in which she pays her bils? d. Can Alexis grow her investment income by better managing her cash balances? a. What can Alexis do regarding the handing of her current balances? (Select the best answer below.) O A. Alexis should transfer her current savings account balances into the liquid marketable security OB. Alexis should look for a checking account that pays at least 1.9% Oc. Alexis should lower her "target cash balance to around $896. OD. Alexis should increase her "targer cash balance to around $1,664 b. What do you suggest that she do with her monthly surpluses? (Select the best answer below.) O A. Alexis should transfer monthly the $820 from her checking account to the liquid marketable security B. Alexis should transfer monthly the $820 from her checking account to her savings account. OC. Alexis should transfer monthly the $220 from her checking account to the liquid marketable security. Click to select your answer. MacBook Air a. What can Alexis do regarding the handling of her current balances? b. What do you suggest that she do with her monthly surpluses? c. What do you suggest Alexis do about the manner in which she pays her bills? d. Can Alexis grow her investment income by better managing her cash balances? O. Mes should transfer mominiye 20 from ner checking account to the liquid ma ei security OD. Alexis should transfer monthly the $220 from her checking account to her savings account. c. What do you suggest Alexis do about the manner in which she pays her bils? (Select the best answer below) O A. Alexis should slow down payments of her bills until they are due. OB. Alexis should pay her bills late every other month to increase her cash flow OC. Alexis should keep paying her bills as in the past. O D. Alexis should try to spend less for food, gas, and other sundry items. d. Can Alexis grow her investment income by better managing her cash balances? (Select from the drop-down menu.) Alexis' annual earnings grow by following the above recommendations Click to select your ans would would not