Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. hollywood shoes would lke to maintain their cash a

Hollywood Shoes would lke to maintain their cash account at a minimum level of $61,000,...

60.1K

Verified Solution

Question

Finance

image
Hollywood Shoes would lke to maintain their cash account at a minimum level of $61,000, but expect the standacd deviation in net dally cash flows to be $5, loo; the effective annual rate on marketable securitles to be 625 percent per yeor, and the tradng cost per sale or purchase of marketable securities to be 5210 per transaction. What wil be their optimal upper cash Amit? (Round your answer to the nearest doliar omount)

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

Chemistry
1.2K views

Consider the following reaction at equilibrium. 2H2O (g) + 2SO2 (g) <--> 2H2S (g) + 3O2...

Physics
1.2K views

A ball of mass, m is thrown straight up and rises h after leaving your hand,...

Biology
1.2K views

35 2 List what each of the following symbols stands for in human pedigree ii...

Geometry
1.2K views

A cone is cut by a plane that is perpendicular to its base Which of...

Basic Math
1.2K views

Scott wants to go on a cruise for his Senior Trip. He needs $2500 for...

Statistics
1.2K views

The table below shows the average weekly wages in dollars for state government employees and...

Algebra
1.2K views

19 Factor 56a 8a C A A 8a 56a 8a 8a 7a a 20 45x...

Algebra
1.2K views

5 Find the component form of v if v 6 and the angle it makes...

Accounting
1.2K views

Chapter 11 Graded Homework Sud Help Odywork 3 Exercise 11-3 (Algo) Make or Buy Decision...

Accounting
1.2K views

Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company's products, a football...

Accounting
1.2K views

,ua Nivient Log in myAT&T Login..T&T Account Suddenlink | Login OK Natural Gas Stilly Utility...

Accounting
1.2K views

Problem 2. (10 pts) Under the UDD assumption within each year, verify that 2A, -...