-Consider the Above Figure

question 38

Multiple Choice

-Consider the above figure. At income level = $110, the APS is equal to

• A) 0.64.
• B) 0.32
• C) 1.10.
• D) -0.36.

Understand the implications of NSF checks and bank service charges on cash management.

Calculate and interpret the Days' Cash on Hand ratio.

Understand the establishment and replenishment of a petty cash fund.

Recognize the importance of maintaining a minimum cash balance (compensating balances).