What is the average cash balance each month


Response to the following questions:

1. Why would the investment in marketable securities differ for companies domiciled in different countries?

2. Suppose you start each month with a cash balance of $100,000 and you use cash evenly throughout the month, ending each month with a zero cash balance.

a. What is the average cash balance each month?

b. If you could earn 1% per month investing your cash, what is the opportunity cost, per month, associated with your cash balance?

 

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: What is the average cash balance each month
Reference No:- TGS02107667

Expected delivery within 24 Hours