Cash Management

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Title: Cash Management

Essay Details:

Subject: Business

Author: Artie S

Date: September 4, 2015

Level:

Grade: A

Length: 4 / 1047

Essay text:

Or 2) accounting for the cash outlays and the recovery of cash or 3) a strategy by which a company administers and invests its cash and finally 4) the control of cash collections. Regardless of the definition, managing cash in a small, medium or large business is an important function for financial managers. Recall your parents referring to a "rainy day fund" or emergency fund? Cash management for corporations has similar characteristics. According to Block and Hirt (2005) A business may have need to use cash to pay for corporate expenses such as supplies, payrolls and taxes and can be used to alleviate long-term debt or fixed assets...

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