Q8-5: If you were in charge of the company, which would you prefer: a net collection float or a net disbursement float? Why?

Q8-6: Some argue that excess cash held by a firm can aggravate agency problems and, more generally, reduce incentives for shareholder wealth maximization. Do you agree with this perspective? Why or why not?

Q8-7: One option a company usually has with any excess cash is to pay its suppliers more quickly. What are the advantages and disadvantages of this use of excess cash?

Q8-8: Another option usually available for dealing with excess cash is to reduce the firms outstanding debt. What are the advantages and disadvantages of this use of