Roch, a Swiss chocolate company, recently opened a manufacturing unit in Spain. The purpose of this move was that Roch wanted to avoid Spain's high import tariffs. Which of the following reasons prompted Roch to open the manufacturing unit in Spain?
A) customer demands
B) trade barriers
C) globalization of competitors
D) growth opportunities

Gold star co. and silver star co. both manage their cash flows according to the miller orr model. gold star's daily cash flow is controlled between $100,000 and $200,000, whereas silver star's daily cash flow is controlled between $150,000 and $300,000. the annual interest rates gold star and silver star can get are 10 percent and 9 percent, respectively, and the costs per transaction of trading securities are $2,000 and $2,500, respectively. a. what are their respective target cash balances? b. which firm's daily cash flow is more volatile?