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Which firms hold cash balances

Assignment Help Financial Accounting
Reference no: EM132813818

Problem 1: Firms hold cash balances

A. to complete transactions that are necessary in business operations.

B. as compensation to banks for providing loans and services.

C. to earn "Interest Revenue."

D. A and B.

Problem 2: To reduce the length of its "Cash Conversion Cycle" (CCC), a company could

A. adopt a new inventory system that reduces the inventory conversion period.

B. reduce the average "Days Sales Outstanding" (DSO) on its "Accounts Receivable."

C. reduce the amount of time the company takes to pay its suppliers.

D. A and B.

E. A and B and C.

Reference no: EM132813818

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