Multiple Choice
A financial manager reviews the firm's cash statement and realizes the company's current account at the bank does not go below a balance of $125,000.What should the financial manager do?
A) use any excess cash to pay creditors in advance
B) leave any excess cash in a chequing account for unforeseen needs
C) invest any excess cash
D) pay any excess cash to investors
Correct Answer:
Verified
Correct Answer:
Verified
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