1. Big Tree generally has a reasonably high demand for cash to pay contract workers during the harvest season. For the rest of the year, Big Tree generally keeps a cash balance of RM10,000. However, during the harvest season, the daily cash balance is kept at a minimum of RM30,000. Which of the following best describes this company's motive for maintaining the additional RM20,000 during the harvest season? Select one: a. Speculative motive. b. Profit motive. c. Precautionary motive. d. Transaction motive. 2. Which of the following statements is CORRECT?| Select one: a.The basic cost of a collection float to the firm is the opportunity cost of not being able to use the cash. b. Instantaneous electronic funds transfer would only eliminate all types of float if the transaction occurs during normal business hours. c. Float management only involves controlling a company's collection of cash. d. Collection float refers to an immediate increment in a firm's available balance when a check is received. | 3. Issuing is an easy way of raising money for short periods of time for well- established firms. Select one: a. commercial papers b. bonds C. common stock d. mortgages