Watkins resources faces a smooth annual demand for cash of


Watkins Resources faces a smooth annual demand for cash of $1.67 million, incurs transaction costs of $68 every time the firm sells marketable securities, and can earn 3.0 percent on its marketable securities.

What will be its optimal cash replenishment level?

Solution Preview :

Prepared by a verified Expert
Business Management: Watkins resources faces a smooth annual demand for cash of
Reference No:- TGS01591638

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)