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All of the following are true regarding the management and monitoring of cash except O companies may have plenty of sales, but insufficient cash to support operations. companies should have sufficient cash to meet payments and maximize the amount of available cash on hand. the cash to cash operating cycle for a manufacturer is generally longer than that of a merchandising company. manufacturers may experience a significant lag between the purchase of raw materials and the receipt of cash from customers.

All of the following are true regarding the management and monitoring of cash except O companies may have plenty of sales, but insufficient cash to support operations. companies should have sufficient cash to meet payments and maximize the amount of available cash on hand. the cash to cash operating cycle for a manufacturer is generally longer than that of a merchandising company. manufacturers may experience a significant lag between the purchase of raw materials and the receipt of cash from customers.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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All of the following are true regarding the management and monitoring of cash except companies may have plenty of sales, but insufficient cash to support operations. companies should have sufficient cash to meet payments and maximize the amount of available cash on hand. the cash to cash operating cycle for a manufacturer is generally longer than that of a merchandising company. manufacturers may experience a significant lag between the purchase of raw materials and the receipt of cash from customers.
Transcribed Image Text:All of the following are true regarding the management and monitoring of cash except companies may have plenty of sales, but insufficient cash to support operations. companies should have sufficient cash to meet payments and maximize the amount of available cash on hand. the cash to cash operating cycle for a manufacturer is generally longer than that of a merchandising company. manufacturers may experience a significant lag between the purchase of raw materials and the receipt of cash from customers.
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