Matrix Limited is a young and innovative company that sells applications for online trading and sales. In
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Matrix Limited is a young and innovative company that sells applications for online trading and sales. In the last two years, due to the Covid-19 pandemic, it has experienced phenomenal growth in sales which has resulted in the company having lots of excess cash in its bank. The directors of the company have been advised to look for financial instruments that can mop up excess cash for short periods of time.
Advise the company’s directors on any three financial instruments that the company may use to mop up excess cash.
Your answer must also provide the merits and demerits of each source of finance.
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Managerial Accounting Decision Making and Performance Management
ISBN: 978-0273764489
4th edition
Authors: Ray Proctor
Posted Date: