Firms prefer not to hold cash, because cash is considered an idle asset that does not earn interest. However, an organization needs enough cash to take care of the day-to-day operations.
As a finance manager, how would you address this for the organization? What can be done to ensure that the cash is not idle, but enough cash is on-hand daily?
Provide specific suggestions and base your responses on scholarly references. You should use a minimum of three sources for this discussion.