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This is difficult to perceive cash maintained in the vault as an investment. Fairly, you would be thinking that if we invest cash, then how can cash itself be an investment? However, you will realize that a specific minimum amount of cash is essential for any business. Take an easy case: if you are a retailer, will you send away a customer who does not have accurate change? Though, you can entertain him only if you keel change. It is your investment in cash; likewise, you will have to pay your employees and suppliers at a particular time. So as to do that you needs cash. Thus investment in cash is that amount that is required to be maintained on hand to meet daily requirements of cash. This amount is determined after taking in account the regularity and amounts of cash of inflows, the frequency and amount of outflows, as also the uncertainties related to these. Clearly, as your business grows the requirement for cash will also grow.
One month before she died on April 14, 2002, Barbara Gent (Amy's aunt) gave Amy a coin collection. Based on careful records that Barbara kept, the collection had a cost basis of $9
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The Smiths have two children who live with them: Sandy and Judy. Both are full-time students. Sandy is an accomplished singer and made $4,200 during the year performing at special
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Prepare a spreadsheet of an overhead budget for the company in Problem 5 on page 216 of the textbook. You have been running a construction company out of your home with your spouse
Handy-Man Services is a repair-service company specializing in small household jobs. Each client pays a fixed monthly service fee based on the number of rooms in the house. Records
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