Accounting Information Systems
Accounting Information Systems
11th Edition
ISBN: 9781337552127
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Textbook Question
Chapter 11, Problem 6RQ

Describe several ways that companies have reduced the float connected with cash receipts.

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Which of the following is not a basic principle of cash management? Keep inventory levels high. Invest idle cash. Increase the collection of receivables. Delay payment of liabilities.
Description: Discuss why control over receivables is not quite as important as control over cash
The estimated cash receipts include total receipts from sales on account, interest revenue less expenses.  True or  False
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