【中山大学431金融 罗斯 公司理财】Ch027.pdfVIP

Chapter 27: Cash Management 27.1 Firms need to hold cash to: a. Satisfy the transaction needs. For example, cash is collected from sales and new financing and disbursed as wages, salaries, trade debts, taxes and dividends. b. Maintain compensating balances. A minimum required compensating balance at banks providing credit service to the firm may impose a lower limit on the level of cash a firm holds. 27.2 a. Decrease. Examine the Baumol model. As the interest r