The motive behind the holding of cash balances to protect the firm from unforeseen cash requirements is known as:
A) the transaction motive.
B) the precautionary motive.
C) the legal motive.
D) the speculative motive.
Correct Answer:
Verified
Q55: Which statement is not true?
A)A firm should
Q56: Which of these is not a way
Q57: Extending the credit period granted, with all
Q58: An increase in the effort put into
Q59: Calculate the operating cash cycle in days
Q61: If accounts payable are paid 10 times
Q62: Which statement concerning trade credit is true?
A)One
Q63: Which statement concerning trade credit is not
Q64: Total purchases are $150,000 and credit purchases
Q65: Gordon Enterprises usually takes 60 days to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents