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With respect to cash management, most companies try to invest idle cash, even if only overnight. O keep as much spare cash on hand
With respect to cash management, most companies try to invest idle cash, even if only overnight. O keep as much spare cash on hand as possible in case of emergency. keep a lot of cash in a non-interest-bearing checking account because that type of account has the lowest fees. invest idle cash in illiquid investments because this will generate the greatest return.
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th edition
1118096894, 978-1-11921511, 978-1118096895
