A business's cash budget shown an expected deficit for the next quarter.Which of the following actions should the business consider before arranging financing?
A. Delaying payment of staff wages
B. Trying to negotiate better terms with suppliers
C. Giving customers longer to pay
D. Starting to pay cash for purchases
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In different economic times businesses make decisions as to how much cash they should hold. In the situations below will they increase their cash reserves or decrease them?Boom
A. Increase cash
B. Decrease cash
Slump
A. Increase cash
B. Decrease cash
Recovery
A. Increase cash
B. Decrease cash
Recession
A. Increase cash
B. Decrease cash