Which of the following managers has a direct influence over a firm's cash? Multiple Choice   Credit manager.   Controller.   Purchasing manager.   Cash manager.   Marketing manager

Q: Are there any time gaps in capturing economic events in cash distribution systems? Were there any…

A: Introduction: Payroll System: A payroll system is a component of an organization's information…

Q: What is a cash budget, and how is this statementused by a business? How is the cash budget affected…

A:

Q: If a company is experiencing cash flow difficulties, it may opt to sell its receivables to a third…

A: Any company can face cash crunch/ cash burn/ cash difficulties because of inefficient collection…

Q: 1. Explain why the system of internal control is important for a company

A: We shall answer the first question since the exact question wasn't specified. Please submit an ew…

Q: Explain two methods that an organization could use to monitor its balances of : Cash Accounts…

A: Current assets - These are those assets that the company owns and expects to convert into cash…

Q: What are some of the cash management strategies used by your organization or by organizations that…

A: Cash Management:It is a method that helps to collects and manages the cash flow of an organization.…

Q: Evaluating internal control over cash payments Gary’s Great Cars purchases high-performance auto…

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: Select a business in your community and observe its internal controls over cash receipts and cash…

A:

Q: What are the two definitions of cash, and why do corporate treasurers often use the…

A: It is always reported under the head of current assets in the balance sheet of a company. It is…

Q: Receivable management refers to the efficient and effective utilization of cash to attain company…

A: Credit policy is the rules or guidelines that tells about the amount of credit that can be granted…

Q: Which of the following is not used by a company to manage cash receipts efficiently? A-…

A: The company requires cash for the long-term and short-term requirements. Efficient cash management…

Q: Profit maximization is the main goal of a business organization. The net accounting profit is the…

A: True and False are given as under-

Q: Cash manager Credit manager Board of Directors Shareholders Explain the following terms please

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Prepare the summary entries necessary to determine the amount of cash received from customers for…

A: The account receivables are also known by the name of debtors. These are the values due to a firm on…

Q: How do businesses control cash receipts by mail?

A: Cash Receipts by Mail: Cash receipts are those payments that customer receives from the sales made.…

Q: Which of the following is correct? Cash disbursement function is for the accounts payable. Cash…

A: Cash disbursement: It refers to the outflow of cash paid in exchange for the provision of goods or…

Q: Importance of Cash to Business Success

A: Cash is often cited as a key factor  for long-term success of a business. Cash implies the liquid…

Q: C. Briefly explain the concept of Free Cash Flow and articulate how it can be employed by corporate…

A: The company will have revenue, and expenditure during the period. The expenses will be subtracted…

Q: How cash budget statement can be used to invest the amount of cash that a firm carries and to…

A: Answer: Usually, cash budget is the cash allocations, reflects a business or firm’s cash receipts…

Q: What are the benefits of a company having a centralized cash management system

A: A centralized cash management system efficiently handles cash and provides a higher return for the…

Q: The main objective of cash flow statement is to provide useful information about cash flows, inflows…

A: Cash flow statement show the cash inflows and outflows during the year from their different…

Q: Test your knowledge • The role of management accounting does not normally include the function of •…

A: Management accounting is a form of accounting under which financial information and financial…

Q: Determine ways to improve the cash flows of an organization by addressing the following questions:…

A: Cash flow: It is the flow of cash inside & outside the company.

Q: A client pays a firm the outstanding balance on an inv this? O General Journal O Cash Disbursements…

A: Any outstanding balance receivable from client or customer, such account will shown as receivable in…

Q: High level cash management strategies include a.petty cash b.delaying payment for suppliers c.cash…

A: Cash is an important liquid asset of the company and for an individual because without cash, no…

Q: Which of the following would likely not be considered a Cash Equivalent? Savings account O Money…

A: Let us first understand the definition of : Cash Equivalent:- It is an extremely liquid investment…

Q: Question 1 Cash management involves ___________________________. Select one: A. optimizing the…

A: The process of managing the cash inflows and outflows is known as cash management. In the financial…

Q: Which of the following is correct? * G Capital budgeting process is under the controller's…

A: Accounting officer: An accounting officer is a person who is responsible for the financial record…

Q: Cash management involves _________. Select one: A. maximizing the income earned on cash reserves B.…

A: Cash management is an accounting process to maintain and manage cash inflows and outflows. The…

Q: Explain how the EOQ inventory model can be modified and used to help determine the optimal sizeof a…

A: Economic order quantity (EOQ) aims to assess the correct amount of inventories to be ordered in…

Q: What are the key reasons for financial managers to maintain cash reserves? How much or how little…

A: Introduction: In order to fulfill immediate and short-term financial requirements, cash reserves…

Q: Discuss in detail the services generally offered by banks under the Cash management services…

A: In banking cash management is type of marketing strategy of banks . It generally tells about what…

Q: Who, among the following, limits the size of the expenditure to be paid from petty cash fund? a.…

A: Petty cash custodian limits the size of the expenditure to be paid from petty cash fund.... Option C…

Q: Why should cash revenues and credit client sales be quickly recorded and reported?

A: Introduction: Accounting is primarily concerned with identifying, recording, measuring, and…

Q: 1. Explain why the system of internal control is important for a company. 2. Describe some internal…

A: Internal control system Controls within the organization are most important for achieving long term…

Q: What type of financial information are accessed by the users to make decisions? a. Bank accounts of…

A: Relevant Cost: It is the cost which is  related to a specific management decision.

Q: Objectives  1) Use the stated collection policy of an entity to determine the expected monthly…

A: The question is related to Cash Budget. Cash Budget is summary of cash receipts and cash payments…