What can be done to ensure that the cash is not idle, but enough cash is on-hand daily?
Firms prefer not to hold cash, because cash is considered an idle asset that does not earn interest. However, an organization needs enough cash to take care of the day-to-day operations.
As a finance manager, how would you address this for the organization? What can be done to ensure that the cash is not idle, but enough cash is on-hand daily?
Provide specific suggestions and base your responses on scholarly references. You should use a minimum of three sources for this discussion.
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