What is the economic order quantity (EOQ), assuming that the annual demand for cash is $1 million,
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What is the economic order quantity (EOQ), assuming that the annual demand for cash is $1 million, the cost of converting marketable securities to cash is $1,000 per transaction, and the market-bearing interest rate is 4.5 percent? What is the number of cash conversions per year?
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Related Book For
Foundations Of Airline Finance
ISBN: 9780415743259
2nd Edition
Authors: Bijan Vasigh, Kenneth Fleming, And Barry Humphreys
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