Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Why is cash management important?
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Step 1
Cash management is a technique used to manage cash of the entity. It helps in managing the cash that is flowing into the business and cash that it going outside the business. Cash is an important asset of the business. Therefore, it should be managed in a way that profits should be maximized.
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