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Morr Co has a total annual cash requirement of P9075000 which are to be paid uniformly Morr has the opportunity to invest the money at 24 per annum The company spends on the average P40 for

Morr Co. has a total annual cash requirement of P9,075,000 which are to be paid uniformly.Morr has the opportunity to invest the money at 24% per annum. The company spends, on the average, P40 for every cash conversion to marketable securities. What is the optimum average cash balance?
A. P60,000         C. P43,000
B. P55,000         D. P27,500

Jun 20 2021 View more View Less

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