Connect 1 Semester Access Card for Fundamentals of Corporate Finance
Connect 1 Semester Access Card for Fundamentals of Corporate Finance
11th Edition
ISBN: 9781259289392
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Bradford D Jordan Professor
Publisher: McGraw-Hill Education
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Chapter 19.4, Problem 19.4ACQ
Summary Introduction

To discuss: Whether maximizing disbursement float is a good business practice

Introduction:

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

Float refers to the difference between the cash value mentioned in the books and the cash value mentioned in the bank passbook.

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Chapter 19 Solutions

Connect 1 Semester Access Card for Fundamentals of Corporate Finance

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