Question
The standard deviation in daily cash balance is Rs 1,60,000 Interest on marketable securities is 10 p.a . cost per transaction is Rs 100. The
The standard deviation in daily cash balance is Rs 1,60,000 Interest on marketable securities is 10 p.a . cost per transaction is Rs 100. The average cash balance to be maintained is Rs 16,000. What is the upper control limit of cash balance?
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
3rd Edition
0471375942, 978-0471375944
