Asked by Quintin Volpe on Jul 06, 2024
Verified
One of the objectives of the cash management process is to determine the Best means by which to collect cash owed to the firm.
Cash Management
The strategy of collecting, managing, and investing cash in a way that enables the company to meet its financial obligations while maximizing liquidity.
- Comprehend the goals and elements involved in managing cash within a corporation.
Verified Answer
JM
josie myattJul 09, 2024
Final Answer :
True
Explanation :
Cash management involves optimizing the collection, concentration, and disbursement of cash, including determining the most efficient methods to collect receivables owed to the firm.
Learning Objectives
- Comprehend the goals and elements involved in managing cash within a corporation.