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You are reviewing your targets for short-term cash reserves next year. You wish to carry at least thirty days cash on hand. If annual budgeted
You are reviewing your targets for short-term cash reserves next year. You wish to carry at least thirty days cash on hand. If annual budgeted cash expenses are $128,000,000 what amount of short-term cash reserves should be targeted?
A. $5,589,041
B. $6,000,000
C. $8,054,795
D. $10,520,548
E. $11,179,634
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College Accounting A Practical Approach Chapters 1-25
Authors: Jeffrey Slater
12th Edition
013277206X, 978-0132772068
