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This is difficult to perceive cash maintained in the vault as an investment. Fairly, you would be thinking that if we invest cash, then how can cash itself be an investment? However, you will realize that a specific minimum amount of cash is essential for any business. Take an easy case: if you are a retailer, will you send away a customer who does not have accurate change? Though, you can entertain him only if you keel change. It is your investment in cash; likewise, you will have to pay your employees and suppliers at a particular time. So as to do that you needs cash. Thus investment in cash is that amount that is required to be maintained on hand to meet daily requirements of cash. This amount is determined after taking in account the regularity and amounts of cash of inflows, the frequency and amount of outflows, as also the uncertainties related to these. Clearly, as your business grows the requirement for cash will also grow.
Q. What was the amount of cash a firm collected from its customers, given the following fact set? The firm's balance sheets at the beginning and end of the year show gross accou
Classification of Labour Costs This can be classified into like: a) Indirect or Direct cost b) Variable or Fixed cost c) Non controllable and controllable cost a)
ESSAY
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Alameda Service center just purchased an automobile hoist for $ 14000. The hoist has a 6 year lifeand an estimated salvage value of $1481. Installation costs were $3020, and freigh
what is a cost sheet? what are its advantages?
A product is manufactured by passing through three processes: A, B and C. In process C a by-product is also produced which is then transferred to process D where it is completed. F
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