You are reviewing your targets for short-term cash reserves next year. You wish to carry at least
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You are reviewing your targets for short-term cash reserves next year. You wish to carry at least twenty days cash on hand. If annual budgeted cash expenses are $48,000,000, what amount of short-term cash reserves should be targeted?
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Days in a year 365 annual Expenses 48000000 Requirement is to keep ... View the full answer
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