Cash Management

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Title: Cash Management

Essay Details:

Subject: Business

Author: Helen W

Date: June 17, 2015

Level:

Grade: A

Length: 5 / 1285

Essay text:

There are multiple techniques that a firm can employ to manage its cash. Some of these techniques include float, short-term investments, and international cash management. These techniques are discussed in the following sections. Due to the opportunity cost of holding excess cash, most companies try to leverage the minimal amount of cash that they carry to cover as many payables as possible. One way that firms achieve this goal is by employing the use of float. Float refers to the difference between the balance carried on the corporate books and the amount credited to the corporation by its bank (Block & Hirt, 2005)...

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