Econoline Crush, Inc., uses a Miller-Orr cash management approach with a lower limit of $30,000, an upper
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Econoline Crush, Inc., uses a Miller-Orr cash management approach with a lower limit of $30,000, an upper limit of $125,000, and a target balance of $45,000. Explain what each of these points represents and then explain how the system will work.
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Lower limit The lowest amount of cash that Econoline Crush Inc wants to maintain in its account This represents a minimum level of liquidity that the ...View the full answer
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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