If a Firm's Ending Cash Balance Exceeds the Desired Minimum

question 95

Multiple Choice

If a firm's ending cash balance exceeds the desired minimum cash balance:

• A) the firm has an excess cash balance that it can invest in short-term marketable securities.
• B) the firm has a short-term financing need that it can meet using notes payable.
• C) the firm has an excess cash balance that it can meet using notes payable.
• D) the firm has a short-tern financing need that it can meet using marketable securities.

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Definitions:

David Hume

An 18th-century Scottish philosopher known for his empirical approach to philosophical skepticism and naturalism.

Intellectual Response

An analytical or reasoned reaction to stimuli or concepts, typically involving critical thinking or the application of intellectual faculties.

Art

A diverse range of human activities and creations that express imaginative, cultural, or conceptual ideas, intended to evoke an aesthetic response.

Immanuel Kant

A central figure in modern philosophy from Germany, recognized for his contributions to ethics, aesthetics, and the theory of knowledge.