Solved: Veggie burgers inc would like to maintain its cash account, Accounting Basics

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Veggie burgers inc would like to maintain its cash account

Question - Veggie Burgers, Inc., would like to maintain its cash account at a minimum level of $265,000 but expects the standard deviation in net daily cash flows to be $14,000, the effective annual rate on marketable securities to be 3.7 percent per year, and the trading cost per sale or purchase of marketable securities to be $37.50 per transaction.

What will be its optimal cash return point?

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Accounting Basics: Veggie burgers inc would like to maintain its cash account

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