FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cash management involves collecting, handling and usage of cash. Therefore, holding cash is essential to an individual as well as organisation. Discuss the reasons of

Cash management involves collecting, handling and usage of cash. Therefore, holding cash is essential to an individual as well as organisation. "Discuss the reasons of holding cash in an organisation". "Provide relevant examples to support your discussion".

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Holding cash in an organization is essential for effective cash management enabling smooth operational processes and financial stability Several reaso... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

McGraw Hills Conquering SAT Math

McGraw Hills Conquering SAT Math

Authors: Robert Postman, Ryan Postman

2nd Edition

0071493417, 978-0071493413

Students also viewed these Finance questions

Question

★★★★★
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Answered: 1 week ago

Question

★★★★★
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...

Answered: 1 week ago

Question

★★★★★
Motivation in action an enterprise rent Introduction Motivation is a driving force within an individual to do something well. Motivation is particular to an individual so it is important to find out...

Answered: 1 week ago

Question

★★★★★
An opera glass has an objective lens of focal length +3.60 cm and a negative eyepiece of focal length -1.20 cm. How far apart must the two lenses be for the viewer to see a distant object at 25.0 cm...

Answered: 1 week ago

Question

★★★★★
The following model is that of an aldohexose: (a) Draw Fischer projections of the sugar, its enantiomer, and a diastereomer. (b) Is this a D sugar or an L sugar? Explain. (c) Draw the ? anomer of the...

Answered: 1 week ago

Question

★★★★★
4 What values/benefits can LEGO transfer to the licensee (e.g. Ka-Boo-Ki) apart from the use of the LEGO brand?

Answered: 1 week ago

Question

★★★★★
3. Critically evaluate the claim that erotomania is the basis of all stalking behaviours.

Answered: 1 week ago

Question

★★★★★
On January 1, 2010, the balance in Kubera Co.s Allowance for Bad Debts account was $9,720. During the year, a total of $23,900 of delinquent accounts receivable was written off as bad debts. The...

Answered: 1 week ago

Question

★★★★★
Problem 1. (15 points] I have $5,000 and am weighing various options to save more for my sons' college tuition. There are 4 different account options: direct portfolio, guaranteed interest, high risk...

Answered: 1 week ago

Question

★★★★★
Based on the following transactions, calculate the revenues, expenses, net income that would be reported (a) On the cash basis and (b) On the accrual basis i. Purchased inventory with a cost of...

Answered: 1 week ago

Question

★★★★★
Question 3 (G7) For the polar curve r = cos 0 + sin 0 find dy dx and use it to find all the points on the curve where the tangent lines are horizontal

Answered: 1 week ago

Question

★★★★★
A worker views leisure and income as "goods" and has an opportunity to work at an hourly wage of $16 per hour. a. The worker's opportunity set in a given 24-hour period is illustrated below.What are...

Answered: 1 week ago

Question

★★★★★
Question 26 [2 points} Using expansionary policies to combat a recession would 0 increase a budget deficit. 0 increase a budget surplus. 0 decrease discretionary spending. 0 increase federal revenue....

Answered: 1 week ago

Question

★★★★★
To analyze a complex negotiation (work, personal, or historical) To apply negotiation course concepts in your analysis. These objectives, while straightforward, are critical to your learning....

Answered: 1 week ago

Question

★★★★★
What Would You Do? Michael Michael is a student in your fifth-grade class. His father passed away in an automobile accident last year. Before his father's death Michael always did well in school and...

Answered: 1 week ago

Question

★★★★★
Exercise 8-23 (Algo) Preparing a balance sheet LO P1, P3, P4 Selected accounts from Gregor Company's adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet....

Answered: 1 week ago

Question

★★★★★
The JacksonTimberlake Wardrobe Co. just paid a dividend of $1.30 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. Investors require a...

Answered: 1 week ago

Question

★★★★★
The ultimate goal of Google, Bing, and other consumer search engines is to provide users with search listings that contain useful information on the topic of their search. What recommendations would...

Answered: 1 week ago

Question

★★★★★
The standard deviation of a set of numbers is the average distance the set of numbers is from the mean of the set of numbers. If the standard deviation of a set of numbers is 6, which of the...

Answered: 1 week ago

Question

★★★★★
The cube shown below has edges of length 4. Points A, B, and C are midpoints of three different edges. What is the area of triangle ABC? A C B

Answered: 1 week ago

Question

★★★★★
The product xy equals every value in the interval [2,4] and no values outside the interval. Which of the following describes possible values for x and y? A. 4 x 8 and 0 y 2. B. 1 x 2 and 2 y ...

Answered: 1 week ago

Question

★★★★★
Assuming a model With V(i) = 2, what is the generalized regression estimator of ty?

Answered: 1 week ago

Question

★★★★★
Using the data in nhanes.dat, fit a straight line regression model predicting y = waist circumference (variable bmxwaist) from x =thigh circumference (variable bmxthicr). You plotted these data in...

Answered: 1 week ago

Question

★★★★★
The linearization estimator of V () can be found by the method outlined in Section 9.1 (see Shah et al., 1977). However, the calculations are easier using the DemnatiRao (2004) method discussed in...

Answered: 1 week ago

Previous Question Next Question