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Essay

Cash Management

Essay specific features

 

Issue:

Business

 

Written by:

Barbara M

 

Date added:

April 10, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

8 / 2152

 

Was viewed:

4998 times

 

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Essay content:

Because inventory and demand for cash change daily, the financial manager must be well-versed in the most effective ways to manage the cash a firm has, along with the most efficient ways to obtain cash as needed. Cash Management Techniques While private citizens are often taught conservative cash management practices, most companies do not want to keep any more cash on hand than absolutely necessary...
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While companies must keep some cash for transactions, bank payments, and potential emergencies, the opportunity cost of holding an excess of cash rather than reinvesting it into current assets or growing the firm's fixed assets is often significant. There are multiple techniques that a firm can employ to manage its cash...
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