Bruno Johnson, chief financial officer of Tollerud Company, has determined that Tollerud should keep on hand $35

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Bruno Johnson, chief financial officer of Tollerud Company, has determined that Tollerud should keep on hand $35 million in cash or near-cash assets in order to maintain proper liquidity. Bruno is now trying to determine how to allocate the $35 million among the checking account, certificates of deposit, and treasury notes. What factors should influence Bruno’s decision?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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