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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2548 |
Essay's paper body
Inadequate financing arrangements can result if management fails to realize that the business is carrying not only self-liquidating inventory, but also permanent current assets (Block & Hirt, 2005).
Elements of a Cash Management System
To effectively control cash flow, companies must implement adequate cash management techniques to speed up cash collections and check clearing in order to access and use funds...
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Cost effective disbursement mechanisms for transferring funds must be developed. The board or management is ultimately responsible for identifying the best collection and payment processes in addition to ensuring that appropriate oversight of the processes exists.
Holding Cash Balances
Managing cash has become more sophisticated in the global and electronic age and most financial managers seek to keep non-earning assets to a minimum...
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General points of the essay
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