Essentials of Corporate Finance
Essentials of Corporate Finance
8th Edition
ISBN: 9780078034756
Author: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 17.1, Problem 17.1ACQ
Summary Introduction

To discuss: The transaction motive for holding cash.

Introduction:

Cash management refers to the process of handling and using cash in the business. It is necessary because businesses are motivated to hold cash for speculation, precaution, and for carrying out business-related transactions.

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