CBA, Inc., a leading retailer of consumer goods, keeps excess cash on hand in October to pay for its increase in inventory prior to the holiday season. CBA is keeping this cash for:

Question

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CBA, Inc. keeps excess cash on hand to pay for its increase in inventory prior to the holiday season, which is a transaction reason. This is because the cash is intended to cover upcoming, planned expenses related to their business operations.

CBA, Inc, a Leading Retailer of Consumer Goods, Keeps Excess Cash