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21. As a financial manager of a small firm, Jerry needs to determine how much...

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Accounting

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21. As a financial manager of a small firm, Jerry needs to determine how much his company will have to borrow in the coming months, and when the borrowed funds will be needed. The preparation of cash budget will help. A) True B) False 22. Efficient cash management requires firms to pay their bills as quickly as possible, and delay the collection of accounts receivable. A) True B) False 23. An effective strategy to manage cash flows requires retail businesses to eliminate their inventory. A) True B) False 24. If a buyer is offered the terms of sale of "3/10, net 30" this means that the buyer can receive a 10 percent discount by, making full payment within 3 days of the billing date. A) True B) False

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