Ray Smith, a retired librarian, recently opened a sportsman's shop called Smitty's Sports Paradise (SSP). Smith decided at age 62 that he wasn't quite ready to stay at home living the life of leisure. It had always been his dream to open an outdoor sportsman's shop, so his friends convinced him to go ahead. Because Smith's educational background was in literature and not in business, he hired you, a finance expert, to help him with the store's cash manegement. Smith is very eager to learn, no he asked you to develop a set of questlons to help him understand cash manngement. Now answer the following questions: a. What is the goal of cash management? b. For what reasons do firms hold cash? c. What is meant by the terms precoutionary and speculative balances? d. What are some specific advantages for a firm holding adequate cash balances? c. How can a firm synchronize its cash flows, and what oood would thia re