A Anthony & Sons Concrete Company Has Been Offered by Its

question 4

Essay

A. Anthony & Sons Concrete Company has been offered by its bank to manage its cash at a cost of $35,000 per year. Under the proposed cash management, the firm can reduce the cash required on hand by $180,000. Since the bank is also doing a lot of record keeping, the firm's administrative cost would decrease by $2,000 per month. What recommendation would you give the firm with respect to the proposed cash management assuming the firm's opportunity cost is 12 percent?

Recognize the importance of Social CRM in enhancing customer relationships and utilizing collective intelligence for organizational benefit.

Identify the different facets of social commerce, including social shopping and marketplaces.

Understand niche and micromarkets, and the evolution of marketing strategies to target specialized consumer groups.

Grasp the concept of social influence on purchasing decisions, encompassing social shopping, social purchasing, and collaborative purchasing.

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Definitions:

Controller

An executive role responsible for overseeing the accounting operations within a company, managing financial reporting, budgets, and internal controls.

Dissemination

The process of distributing or spreading information, knowledge, or data widely, especially to ensure accessibility to relevant stakeholders.

Operating Cycle

The duration between the acquisition of inventory and the collection of cash from receivables.

Cash Cycle

The time period it takes for a company to convert its investments in inventory back into cash, through sales.