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Future Cash Flows Opportunity Cost
905 wordsIntroduction to Business Finance Introduction It is very important to understand the algorithm of the preparation and drawing up a budget of the company in order to effectively manage its cash balances. There are a number of theories and models for the management of cash balances, such as the Baumol and Miller- Orr models. However, Party and Dodds assert that these models for the management of cash balances are "of little practical value." Lets examine them more thoroughly to evaluate Puts and D...
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