Which of the following outcomes identifies the greatest disadvantage associated with a profitable business that is holding

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Which of the following outcomes identifies the greatest disadvantage associated with a profitable business that is holding excessive amounts of cash in its unrestricted cash accounts?

a. It will reduce the ROI achieved by the business’s owners

b. It will increase the ROI achieved by the business’s owners

c. It will reduce the business’s bill payment flexibility

d. It will increase the amount the business will pay to obtain credit from vendors

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Managerial Accounting for the Hospitality Industry

ISBN: 978-1119386223

2nd edition

Authors: Lea R. Dopson, David K. Hayes

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Question Posted: Apr 30, 2018 01:33 AM

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Which of the following outcomes identifies the greatest disadvantage associated with a profitable business that is holding

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a It will r...View the full answer

Managerial Accounting for the Hospitality Industry

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