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Q. Illustrate Miller-Orr model recognises?
The Miller-Orr model recognises which cash balance requirements are likely to fluctuate and that active management is required in responding to these fluctuations. Especially attention is paid to the variability (or variance) of interest rates, cash flows and the transaction costs of adjusting cash balances. It is the variability of cash balances which is crucial to understanding cash management since this will depend directly on understanding how Frantic's operations (basically sales and production) vary. For an unstable business it is probable that large cash balances will need to be kept. Miller-Orr suggests a simple formula to estimate this although the formula itself is limited by the assumptions on which it rests.
Q. Define Finance Function and discuss its nature and scope Ans. Meaning of Finance: - Finance is defined as the provision of funds at the time when it is required. The role of
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Debenture Debenture is a document holding an acknowledgment of indebtedness on the part of organizations, usually secured by a charge on the company's assets.
what is the applicability of the operating cycle in a vegetaion farm in Uganda
formulae required to calculate
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