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realgraverobb realgraverobb
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A month ago
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.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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adandaroozaadandarooza
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A month ago
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realgraverobb Author
wrote...

A month ago
Smart ... Thanks!
ky
wrote...

Yesterday
Good timing, thanks!
wrote...

2 hours ago
Thanks for your help!!
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