Cash is considered an idle asset because it does not earn interest. good financial management requires a firm to hold a limited amount of cash, but it is important for the firm to hold sufficient cash so that it can pay its current obligations, maintain its credit rating, and meet its unexpected cash needs. the following statement refers to a type of cash balance. select the best type of cash balance to complete the sentence: a cash balance is held to take care of the firm’s day-to-day operations, such as paying wages and purchasing supplies. consider the following case of san jose assemblers inc.: imagine that san jose assemblers inc. is a manufacturing company. san jose’s chief financial officer is concerned about the risk of fluctuations in the latest cash forecast that was prepared for san jose. to mitigate the risk, the cfo has increased the cash balance on hand as a type of safety net if the forecast is not met. what type of cash balance is this?

Abond purchased for $950 was sold for $980 after one year. the interest received during the year is $25. the bond's yield is:

Listed below are several transactions that took place during the first two years of operations for the law firm of pete, pete, and roy.year 1 year 2amounts billed to clients for services rendered $ 170,000 $ 220,000 cash collected from clients 160,000 190,000 cash disbursements salaries paid to employees for services rendered during the year 90,000 100,000 utilities 30,000 40,000 purchase of insurance policy 60,000 0 in addition, you learn that the company incurred utility costs of $35,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period.required: 1. & 3. calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model.2. prepare an income statement for each year according to the accrual accounting model.

Anational survey asked people, "how often do you eat out for dinner, instead of at home? " the frequencies were as follows.