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Calculate any needed security purchases or sales

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DeFusco Partners uses a rule-based model to manage its cash position. It has established a minimum cash balance of $200,000, a maximum cash balance of $800,000, and a return point of $400,000. The cash balance is currently $400,000. Whenever the daily cash balance reaches or falls outside of the control limits, DeFusco will purchase or sell marketable securities to bring the cash balance to the return point. Given the daily cash flows below (in $1,000s), calculate any needed security purchases or sales and the ending daily balance.

Day            1    2      3    4     5   6  7   8       9    10
Cash flow -50 -75 -225 300 100  0 -50 -50 -175  50
Day           11  12   13   14   15   16    17   18   19   20
Cash flow   50 450 200  50  -50 -100 -25 -25 -100 -100

Reference no: EM13974679

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