What course of action do you follow

Assignment Help Finance Basics

Reference no: EM13946020

You are the treasurer of a mid-size industrial manufacturer, your firmâ€^TMs cash balances vary between $300,000 and $1,000,000. During the last three board meetings a board member has asked how you protect this cash while it is being lodged in banks or other temporary facilities. Your problem is to satisfy the board member, obtain some income from the cash or cash equivalent balances, and has funds available for immediate payout if required. What course of action do you follow?

Reference no: EM13946020

Questions Cloud

Explain the functions of the foreign exchange market : Discuss the differences between translation, transaction and economic exposure and what managers can do to manage each type of exposure. Write your paper in 4-5 double-spaced pages.

Crime prevention through environmental design : Discuss the crime prevention through environmental design (CPTED) risk reduction philosophy. What are the major elements of CPTED, and how do they help prevent and prepare for workplace violence events?

Describe basic three-step process valuing option contracts : "Although options are risky investments, they are valued by virtue of their ability to convert the underlying asset into a synthetic risk-free security." Explain what this statement means, being sure to describe the basic three-step process for va..

Why is there a limit on cable length in an ethernet network : When multiple processes need access to data, in what way is object-based access better than shared-memory?

What course of action do you follow : Your problem is to satisfy the board member, obtain some income from the cash or cash equivalent balances, and has funds available for immediate payout if required. What course of action do you follow?

What are the various directions for innovation to take : What are the various directions for innovation to take? Can a mature firm in a stagnant industry pursue innovation? How successful is this likely to be?

Multisim to construct and simulate oscillator circuits : The purpose of this lab is to learn to use MultiSIM to construct and simulate oscillator circuits. Two oscillator circuits will be constructed and the effect of feedback resistance will be investigated in order to produce oscillation. Students wil..

Development of ecommerce in a developing nation : What are the factors affecting to development of ecommerce in a developing nation and the major benefits and limitation of adopting of ecommerce by a developing nation.

What is present value of the salary if the discount rate 6% : Tom Adams has received a job offer from a large investment bank as a clerk to an associate banker. His base salary will be 60,000. He will receive his first annual salary payment one year from the day he begins to work. His salary will grow at 2% ..

User Account

All Pages