The newest and fastest-growing channels for communicating and selling directly to customers are digital
Indicate whether the statement is true or false
TRUE
Business
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Using a centralized cash management system results in a decreased ________ cash demand
A) transactions B) long-term C) precautionary D) short-term
Business
A services firm does all its business in cash only. The firm projects a cash balance of $3,000 in its account after all taxes and costs are paid. The owners plan to invest $8,000 and pay a dividend of $1000. How much net new financing is needed?
A) $4,000 B) $5,000 C) $6,000 D) $7,000
Business