Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 60

Returns on Idle Cash from Various Cash Equivalents
Prudent cash management is an important function in any business.arge amounts of cash sitting idle in non-interest-bearing checking accounts can costa company thousands-even millions-of dollars annually in foregone revenue.hus, many businesses invest large amounts of idle cash in Treasury bills, certificates of deposit (CDs), and money market accounts.
Visit the Bankrate.com home page at the following address: \VII w.bankrale.com
Search the site for information.n CDs.oney market accounts, and other interest-bearing products.ook for links under the "Compare Rates" menu.
www.Bankrate.com
Instructions
a. Prepare a table showing the current interest rates on Treasury bills, various CDs, and money market accounts.
b. If you were in charge of investing $1 million among the cash equivalents identified in part a, how would you make your allocation Defend your answer.
Internet sites are time and date sensitive.t is the purpose of these exercises to have you explore the Internet.ou may need to use the Yahoo! search engine http://www.yahoo.com(or another favorite search engine) tofind a company's current Web address.