One of the First Considerations in Cash Management Is

question 44

Multiple Choice

One of the first considerations in cash management is

• A) to have as much cash as possible on hand.
• B) synchronization of cash inflows and cash outflows.
• C) profitability.
• D) to put any excess cash into accounts receivable.

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Definitions:

Functional Currency

The currency of the primary economic environment in which an entity operates and generates cash flows.

Currency

A medium of exchange for goods and services, typically issued by a government.

Clear-Cut

Unambiguous or obvious, often used to describe decisions or distinctions that are straightforward and easily discerned.

Malaysian Palm Oil

A significant commodity export from Malaysia, palm oil is a vegetable oil obtained from the fruit of the African oil palm tree and is used in food, cosmetics, and biofuel.