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Which of the following statements is correct? 27 Multiple Choice There is a greater likelihood of needing an unexpected loan when cash flows are relatively
Which of the following statements is correct? 27 Multiple Choice There is a greater likelihood of needing an unexpected loan when cash flows are relatively constant over time The target cash balance decreases as the order costs increase. Management's desire to maintain a low cash balance has no effect on the borrowing needs of a firm. The target cash balance increases as the interest rate rises. The cost of borrowing affects the target cash balance
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