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scigeekalic scigeekalic
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2 months ago
Which of the following scenarios is an example of the transactions motive to hold cash?

▸ A manufacturing company holds cash to pay its suppliers for raw materials.

▸ An oil company saves abnormally high earnings as cash on its balance sheet which it will use to buy another oil company.

▸ A firm holds cash to pay its annual dividend.

▸ An airline keeps a reserve of cash during the winter months in case it has to pay customers a refund because bad weather results in a cancellation of flights.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
Author:
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Jessicav1126Jessicav1126
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2 months ago
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scigeekalic Author
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2 months ago
Good timing, thanks!
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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2 hours ago
This helped my grade so much Perfect
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