One Working Capital Management Strategic Tool: Interfund Transfers
Death and Taxes
MAY 26, 2022
accounts payable and notes payable) to ensure smooth operations. The purpose is to maintain cash flows for liquidity to meet short-term operating expenses and obligations. We test this hypothesis using a sample of all 159 counties in the state of Georgia from 2010 through 2017 and find this to be indeed the case.
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