explain the following term..

1.Dene the function of cash management.

2.Explain how the lockbox system can improve the efciency of cash management.

3.Define marketable securities. How cash and marketable securities are maintained and managed to meet the current requirements.

4.Explain the process of cash receipts and payments. How the process of payments can be slow down.

5.Compare and contrast electronic commerce (EC), electronic data interchange (EDI), electronic funds transfer (EFT), and nancial EDI (FEDI).

6.What is the purpose of establishing a line of credit for an account? What are the benets of this arrangement?

7.Explain how efcient inventory management affects the liquidity and protability of the rm.

8.How can the rm reduce its investment in inventories? What costs might the rm incur from a policy of very low inventory investment?