Which of the following is not true of float management?
A) Float management involves controlling the collection and disbursement of cash.
B) An objective of float management is to speed up the collection float.
C) An objective of float management is to slow down disbursement float.
D) Float management will succeed if the firm can collect late and pay early.
Correct Answer:
Verified
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Q8: On an average day, a company writes
Q9: The BM firm expects a total need
Q10: The target cash balance is reached when:
A)
Q11: On an average day, a company writes
Q13: Collection float increases book cash immediately but:
A)
Q14: Checks written by the firm are said
Q15: If a firm has achieved its target
Q16: A sensible cash management policy would be
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