Question
Please answer them all.The cash need of entity D for the next year is 740,000 TL and an expense of 20 TL is incurred for
Please answer them all.The cash need of entity D for the next year is 740,000 TL and an expense of 20 TL is incurred for each loan application. Opportunity cost of cash is 15%. a) What is the most appropriate (optimum) amount of cash? b) What is the total cash cost? c) The business management thinks that the optimum amount of cash to be kept is 13,000 TL. What will be the total cash cost in this case?
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Principles of Financial Accounting
Authors: Belverd E. Needles, Marian Powers
12th edition
978-1133940562, 1133940560, 978-1285608464, 1285608461, 1133939287, 978-0357693605, 978-1285607047, 128560704X, 978-1133939283
