Financial managers understand the time value of money. They try to maximize cash expenditures, as opposed to minimizing cash expenditures.

Name: Financial managers understand the time value of money. They try to maximize cash expenditures, as opposed to minimizing cash expenditures.
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Question

Quizplus · Accepted Answer

Financial managers try to minimize cash expenditures to free up funds for investment in interest-bearing accounts. The interest received from interest-bearing accounts contributes to profits.

Financial Managers Understand the Time Value of Money