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achalmers achalmers
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5 years ago
What is a precautionary balance?

▸ the cash a firm holds to gain tax advantages

▸ the cash a firm holds to counter the uncertainty surrounding its future cash needs

▸ the cash a firm places into short-term investments

▸ the cash a firm holds in order to pay its bills
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
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sarahlouhiggsarahlouhigg
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5 years ago
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5 years ago
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This helped my grade so much Perfect
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