asked 144k views
2 votes
The Snow Hut has analyzed the carrying and shortage costs associated with its cash holdings and determined that the firm should ideally maintain a cash balance of $3,600. This $3,600 represents which one of the following to the firm?

A.target cash balance
B. concentration balance
C. available balance
D. selected cash amount
E. compensating balance

asked
User Jerry
by
7.5k points

1 Answer

3 votes
I believe the answer E
answered
User Kaan Soral
by
7.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.