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Author Question: Cash management system objectives include A) maintaining accounts payable balances at zero by ... (Read 80 times)

yoooooman

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on: Jul 10, 2018
Cash management system objectives include
 
  A) maintaining accounts payable balances at zero by early bill payment.
  B) maintaining idle cash balances at doomsday event levels.
  C) maintaining sufficient cash to meet disbursal needs.
  D) All of the above are objectives of the system.

Question 2

Gary has 1,400 to invest with the goal of having 4,000 available to purchase a used car. If he can earn 12 compounded semiannually on his investment, how long will he have to wait to acquire his car?
 
  A) Eighteen years
  B) Nine years
  C) Eighteen months
  D) Nine months
  E) Four years


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s.meritte

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Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

B


yoooooman

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Reply 2 on: Jul 10, 2018
Excellent

kishoreddi

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Reply 3 on: Yesterday
Gracias!

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