What are the main purposes of financial planning and control?

2. What are the three reasons why an airline will hold cash? Provide an example of each reason.

3. What costs or disadvantages might be associated with firms maintaining cash balances that are too small?

4. What costs or disadvantages might be associated with firms maintaining cash balances that are too large?

5. Name and briefly describe three techniques of financial planning used to estimate external financing needs.

Answer rating: 100% (QA)

1 The main purposes of financial planning and control are as follows Establishing Goals and Objectives Financial planning helps in setting specific financial goals and objectives for the organization ... View the full answer