The target cash balance is the difference between total cash receipts and total cash disbursements.
Answer the following statement true (T) or false (F)
False
The target cash balance is the minimum cash balance a firm desires to maintain in order to conduct business. See 15-2: Cash Management
You might also like to view...
What are the noneconomic criteria that influence government buying?
What will be an ideal response?
A culture that priorities the needs of the extended family and larger group is best described as a ______ culture?
A. power hungry B. collective C. dominant D. uncertain
Which sentence is best expressed?
A) Being as gas prices are now increasing again, would you like to form a carpool? B) Because gas prices have increased so much, would you like to form a carpool? C) Being that gas prices have increased so much, would you like to form a carpool?
A multiple-step income statement format shows detailed computations of net sales and other costs and expenses, and reports subtotals for various classes of items.
Answer the following statement true (T) or false (F)