Multiple Choice
If XYZ Ltd begins with a cash balance of $300 000 and its cash outflows exceed its inflows by $100 000 each week,what is its average weekly cash balance if,when it runs out of cash,it converts short-term securities to $300 000 cash?
A) $150 000
B) $100 000
C) $300 000
D) $133 333
Correct Answer:
Verified
Correct Answer:
Verified
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