Use the following information to answer the question: Target cash balance is is $4,000 Maximum...
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Accounting
Use the following information to answer the question: Target cash balance is is $4,000 Maximum cash balance is $19,000 the lower cash limit is $1,000. If the firm with the above figures reaches a cash position of $19,000 at the end of its cash budgeting period, how many dollars worth of securities should it purchase to get to its target balance? a. $19,000 b. $18,000 c. $15,000 d. $4,000
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