Briefly describe float and why it is a useful cash management concept.
Question:
Briefly describe float and why it is a useful cash management concept.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
A float is the time delay between the initiation of a payment and when the funds are ac...View the full answer
Answered By
Hassan Ali
I am an electrical engineer with Master in Management (Engineering). I have been teaching for more than 10years and still helping a a lot of students online and in person. In addition to that, I not only have theoretical experience but also have practical experience by working on different managerial positions in different companies. Now I am running my own company successfully which I launched in 2019. I can provide complete guidance in the following fields. System engineering management, research and lab reports, power transmission, utilisation and distribution, generators and motors, organizational behaviour, essay writing, general management, digital system design, control system, business and leadership.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Gapenskis Fundamentals Of Healthcare Finance
ISBN: 9781567939750
3rd Edition
Authors: Paula H. Song, Kristin L. Reiter
Question Posted:
Students also viewed these Business questions
-
Design: The Smart Home contractors Builders" we saw in the previous assignments have now landed an actual project. They are asked to install a full Heating, Ventilation and Air Conditioning (HVAC)...
-
Detailed in Java. Demonstrate on how these two activities being executed? Explain the difference between 'x' and "x" when used as constants in C. Describe the memory representation of both values. [4...
-
Software design is an important process in software development lifecycle. However, a lot of software developer/house tends to ignore the process. Therefore, provide and explain 277 motivations on...
-
1:When developing a marketing strategy for business customers, it is essential to understand the process the business goes through when making a buying decision. Knowledge of business buying behavior...
-
The board of directors of Jeter Production Co. Ltd. authorizes the issuance of 4 percent, 10-year bonds with a maturity value of $12,000,000. The semi-annual interest dates are May 31 and November...
-
Repeat Problem 4.13 on the assumption that the yield is compounded annually. Use modified durations.
-
2. Assume that Pop Corporation uses entity theory for preparing consolidated financial statements for 2017. Determine the following amounts: a. Pop Corporations income from Son for 2017 b. Goodwill...
-
Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed inventory and cost of goods sold using FIFO for comparison purposes. 1. Compute its current...
-
09/24/2019Loan PaymentOnline Transfer to CM XXXX $3,700.00 $15,875.06 09/24/2019DepositDEPOSIT ID NUMBER 8888$2,289.60 $19,575.06 09/23/2019CheckCHECK #1554 (view) $3,700.00 $17,285.46 09/23/2019Bill...
-
Sacred Heart Hospital has the following receivables amounts, listed by age: a. Complete the aging schedule by filling in the percentage of total value column. b. Interpret your results. c. Using...
-
Define average collection period. How is it used to monitor a firms accounts receivable?
-
What are the phases of a business cycle? Have the periods of expansion and contraction changed since the Great Depression?
-
Saskatchewan Soy Products (SSP) buys soy beans and processes them into other soy products. Each tonne of soy beans that SSP purchases for $300 can be converted for an additional $200 into 500 lbs of...
-
Pharoah Acres sponsors a defined-benefit pension plan. The corporation's actuary provides the following information about the plan: January 1, 2025 December 31, 2025 Vested benefit obligation $510...
-
Company panther is compelled to pick between two machines An and B. The two machines are planned in an unexpected way, yet have indistinguishable limit and do the very same work. Machine A costs...
-
On April 30, 2023, a company issued $600,000 worth of 5% bonds at par. The term of the bonds is 9 years, with interest payable semi- annually on October 31 and April 30. The year-end of the company...
-
Identify the following; MethodBodyReturn statementReturn typeParameter Look at this example we saw in our Methods lesson: public double findTheArea (double length, double w idth) { double area =...
-
Consider the expressions in matrix notation given in Sec. 13.7 for the general form of the KKT conditions for the quadratic programming problem. Show that the problem of finding a feasible solution...
-
In your audit of Garza Company, you find that a physical inventory on December 31, 2012, showed merchandise with a cost of $441,000 was on hand at that date. You also discover the following items...
-
If the auditor believes that the financial statements prepared on the basis of the entity's income tax are not adequately titled, the auditor should : A)Issue a resignation of opinion. B)Explain the...
-
initial stock offering to the public. This REIT specializes in the acquisition and management of warehouses. Your firm, Blue Street Advisors, is an investment management company that is considering...
-
Question 3 You have been hired to run a pension fund for Mackay Inc, a small manufacturing firm. The firm currently has Gh5 million in the fund and expects to have cash inflows of $2 million a year...
Study smarter with the SolutionInn App