Answer the following questions on cash management. 1. What is a lockbox system? How can it improve

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Answer the following questions on cash management.

1. What is a lockbox system? How can it improve the firm's collection system?

2. What is Optimal Cash Balance? What is its significance in cash management?

3. When do we consider the cash conversion cycle as favorable or unfavorable? Give at least two ways to improve the cash conversion cycle.

Posted Date: May 17, 2024 05:10 PM

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Answer the following questions on cash management. 1. What is a lockbox system? How can it improve

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