How many times a year should the store sell securities

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Reference no: EM133007191

Economic Order Quantity.

Assume that Everyman's Bookstore uses up cash at a steady rate of $300,000 a year. The interest rate is 3 percent and each sale of securities costs $20.

a. How many times a year should the store sell securities?

b. What is its average cash balance?

Reference no: EM133007191

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