An important objective of cash management is to lengthen the collection float and reduce the disbursement float.

Name: An important objective of cash management is to lengthen the collection float and reduce the disbursement float.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An important objective of cash management is to reduce the collection float (time it takes to convert payments into available funds) and minimize the disbursement float (time it takes for checks issued by the company to clear), thereby optimizing the company's cash flow.

An Important Objective of Cash Management Is to Lengthen the Collection