The objectives in managing cash are to maintain an organizations liquidity by making ceitain there is
Question:
The objectives in managing cash are to
• maintain an organization’s liquidity by making ceitain there is enough cash to cover cash ex¬ pense and to retire debt.
• invest any idle cash so that a return is generated on cash balances exceeding liquidity needs. LO.1
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Related Book For 
Cost Accounting Foundations And Evolutions
ISBN: 9780324235012
6th Edition
Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn
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