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When a company faces uncertainty it is common for managers to attempt to build up cash reserves. ...

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When a company faces uncertainty it is common for managers to attempt to build up cash reserves. ...

When a company faces uncertainty it is common for managers to attempt to build up cash reserves. Which of the following is an important advantage of having large cash balances on hand?

▸ Having large cash balances enables a company to pay its bills even when sales are dropping.

▸ Cash balances pay significant interest, enabling a company to receive additional revenue.

▸ A cash account will increase in value when equity markets go up in value.

▸ Corporate shareholders generally approve of large corporate cash balances, believing that corporate managers are acting prudently.

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Corporate Finance

Edition: 5^th

Author: Booth

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More solutions for this book are available here

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realgraverobb Author

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Brilliant ツ

deathDoUsPart

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Helped a lot

jbarnett14

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Thank you, thank you, thank you!

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