This topic contains a solution. Click here to go to the answer

Author Question: Cash management system objectives include A) maintaining accounts payable balances at zero by ... (Read 100 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

s.meritte

  • Sr. Member
  • ****
  • Posts: 306
Answer to Question 1

C

Answer to Question 2

B




yoooooman

  • Member
  • Posts: 557
Reply 2 on: Jul 10, 2018
Excellent


apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

For a complete list of videos, visit our video library