Question: For the following two situations, select the statement that would be most helpful in managing cash in each situation which is consistent witheffective cash management

For the following two situations, select the statement that would be most helpful in managing cash in each situation which is consistent witheffective cash management techniques.

Situation 1: Sale of property raised our bank account balance so much that we do not know what to do with the excess funds.

Situation 2: A new customer doubled our monthly sales three months ago, but we cannot get him/her to pay.

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