Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a. the city has total cash payments of $20 million

A. The city has total cash payments of $20 million (T) for a 6-month period....

60.1K

Verified Solution

Question

Accounting

A. The city has total cash payments of $20 million (T) for a 6-month period. Assume that the payment over this period is steady. The cost per transaction is $60 (b), the interest rate is 3% for the period (i), and the cost per dollar of funds transferred is .05% (v).

Calculate the optimal initial cash balance and transfer size Average cash balance The number of transfers The total cost of cash management

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

#1) 68% of all Americans are home owners. If 46 Americans are randomly selected, find the...

Psychology
1.2K views

In 250 words - This is the time of life that Freud called latency because there...

General Management
1.2K views

How do you see the difference between quantitative vs. qualitative research? Do you think 1 is...

Accounting
1.2K views

Locate information on the procedure by which an individual tax payer can request a photocopy of...

Physics
1.2K views

Three blocks of mass m, 2m, and 3m are being pushed to the right at...

Geometry
1.2K views

The point B lies on the segment AC 2 Find the coordinates of B so...

Geometry
1.2K views

AABC is an isosceles triangle segment AB and AC are congruent AAPQ is isosceles which...

Calculus
1.2K views

Pectangular storage area is to be constructed along a side of a building A security...

Accounting
1.2K views

What are some of the accounting problems with interest capitalization? Give examples.

Accounting
1.2K views

why would an auditor not test internal controls? brief short answer

Accounting
1.2K views

An employee of Hickory was granted an option to purchase 2,000 shares of Hickory's $7...

Finance
1.2K views

Exercise 24-10 NPV and profitability index LO P3 Following is information on two alternative investments...