《财务管理》课程PPT教学课件（英文版）Chapter 19 Cash and Marketable Securities Management

Ch.19: Cash and Marketable Securities Management ISLAS) o 2002 Prentice Hall. Inc

© 2002, Prentice Hall, Inc. Ch. 19: Cash and Marketable Securities Management

Liquid Asset Management Sl CASH- motives for holding cash TRansactions: to meet cash needs that arise from doing business. Precautionary: having cash on hand for unexpected needs. Speculative: to take advantage of potential profit-making situations

Liquid Asset Management CASH- motives for holding cash: • Transactions: to meet cash needs that arise from doing business. • Precautionary: having cash on hand for unexpected needs. • Speculative: to take advantage of potential profit-making situations

Cash Management CASH:

Cash Management CASH:

Cash Management CASH: Trade off: cash decreases risk of insolvency, but earns no returns!

Cash Management CASH: • Trade Off: cash decreases risk of insolvency, but earns no returns!

Cash Management CASH:

Cash Management CASH:

Cash Management CASH: e Obiectives

Cash Management CASH: • Objectives:

Cash Management CASH: e Obiectives have enough cash on hand to meet disbursal needs

Cash Management CASH: • Objectives: • have enough cash on hand to meet disbursal needs

Cash Management CASH: e Obiectives have enough cash on hand to meet disbursal needs Minimize investment in idle cash balances

Cash Management CASH: • Objectives: • have enough cash on hand to meet disbursal needs. • Minimize investment in idle cash balances

Cash Management Managing Cash Inflow Reducing float can speed up cash receipts Mail Float: length of time from the moment a customer mails a check until the firm begins to process it. Processing Float: the time required by a firm to process a check before it can be deposited in a bank

Cash Management Managing Cash Inflow • Reducing Float can speed up cash receipts. • Mail Float: length of time from the moment a customer mails a check until the firm begins to process it. • Processing Float: the time required by a firm to process a check before it can be deposited in a bank

Cash Management Managing Cash Inflow Reducing float can speed up cash receipts

Cash Management Managing Cash Inflow • Reducing Float can speed up cash receipts