Question
To manage cash efficiently, a company should try to collect payment for delivered products or services __________. as quickly as possible infrequently in a way
To manage cash efficiently, a company should try to collect payment for delivered products or services __________.
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as quickly as possible
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infrequently
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in a way that maximizes float time
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within 60 days
A business that has too little working capital can take what action?
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Increase short-term financing
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Increase inventory
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Reduce cash on hand
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Reduce credit to consumers
When performing capital budgeting and considering replacement projects, one factor that must be considered is the potential __________ of equipment that is no longer needed.
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depreciation
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salvage value
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sunk costs
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taxation
According to the residual dividend model, what takes priority over distributing dividends?
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Paying off debt
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Increasing share price
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Establishing a target payout ratio
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Financing planned projects
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