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Which of the statements below describe the goals and principles of cash management? Money should be spent only when it is available. Excess cash should
Which of the statements below describe the goals and principles of cash management?
Money should be spent only when it is available.
Excess cash should be kept on hand to pay bills.
Encourage quick payment of liabilities.
Keep a minimum level of cash necessary to operate.
Encourage quick collection of receivables.
Plan cash receipts to meet cash payments when due.
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