Identify/define and Explain the Significance of the Following: Missi Dominici

question 30

Essay

Identify/define and explain the significance of the following: missi dominici.

Understand the mechanisms to reduce collection float and the role of electronic payments in managing float.

Recognize the costs associated with holding too little or too much cash, and the role of money market instruments in liquidity management.

Learn the effects of environmental factors on float management.

Understand the calculations involved in determining net float and the implications for cash management.