Relaxed current assets investment policy may result in the following, EXCEPT Large cash balance...

60.1K

Verified Solution

Question

Accounting

Relaxed current assets investment policy may result in the following, EXCEPT

Large cash balance

High carrying cost

Loss of goodwill and loss of customers

Low level of lost sales

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students