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1. How are the operating and cash cycles of the firm different? Why are they important? Can you provide some examples of transactions that affect

1. How are the operating and cash cycles of the firm different? Why are they important? Can you provide some examples of transactions that affect the cash account?

2. What strategies can a firm use to optimize its cash cycle? How does the credit policy affect cash management? Other than discounts, how do you believe firms can accelerate payments from clients? What are some strategies you as a financial manager would recommend?

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