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What is the optimum cash balance of dulo company

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Reference no: EM132899789

Problem 1: The financial manager of Dulo Company wants to determine the amount of cash outlays to be spent for the next period. He asked the help of the accountant and the latter provided a cash budget for the next year. According to the computations, the entity will be incurring cash expenses of $6,612,500 per month. The financial manager has estimated a cost of $40 per transaction in case non-cash asset is converted to cash. The firm's opportunity cost ratio is 12%. What is the optimum cash balance?

Reference no: EM132899789

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