Asked by Tylour Smith on Jul 07, 2024
Verified
One of the objectives of the cash management process is to determine the Appropriate level of cash that must be kept on hand.
Cash Management
The process of collecting, managing, and investing a company’s cash and cash equivalents.
Appropriate Level
A suitable or optimal degree or magnitude for a particular situation or parameter, often used in finance and operations.
Cash On Hand
Funds that a company or individual has available in cash form, not invested or deposited in financial institutions.
- Gain knowledge of cash management objectives as well as methods for successful cash handling and investment planning.
Verified Answer
JD
Joshua DaubendiekJul 07, 2024
Final Answer :
True
Explanation :
Determining the appropriate level of cash to keep on hand is crucial in cash management to ensure liquidity for daily operations while optimizing investment opportunities for excess cash.
Learning Objectives
- Gain knowledge of cash management objectives as well as methods for successful cash handling and investment planning.