la and Ashton plan to save money for their wedding over a 20-month period. They will need to save S8,000 to help pay for the wedding. They set aside the same amount each month. After a year they saved $4,000. Mila and Ashton know they must adjust their plan in order to meet their goal, so they came up with the following options: Option A; Stay with saving the same amount they've been saving each month but postpone the wedding 2 months. Option B: Increase the amount of money they save each month by $80 from what they've been saving. Which of the following is a true statement? a. Saving by either option A or option B will allow them to meet their goal. b. Only option B will allow them to meet their goal C. Only option A will allow them to meet their goal d. Neither option A nor option B will allow them to meet thei

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Cash and Liquid Asset Management

Cash management is the process of controlling cash inflow & cash outflow, managing the cashflows inside the business, and utilizing the cash for business operation at any point in time. A business has to maintain a certain level of cash to meet various financial obligations. Cash management is essential because businesses must utilize the cash to generate maximum profit. Cash management also ensures to maintain maximum liquidity in the business.