Title: Cash Management

Essay Details

Subject: Miscellaneous
Author: Howard R
Date: April 14, 2015
Level: University
Grade: B
Length: 3 / 624
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

One of the duties of a financial manager is to determine how much cash should be on hand to run a business adequately. With cash being a nonproductive asset, cash generates no return at all. An example would be a bank a bank makes money off there customers by investing, distributing loans, and other financial services as needed...

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Just suppose your bank just took the deposit and never moved the money around to make interest off of your money, that bank would not be in business long. When holding money it causes a lower return or no return. Cash management has five components which assist financial managers in making decisions on what to do with what cash...

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