In this week's project task, identify investments in financial institutions such as savings associations, credit unions, insurance companies, or a combination of them for the firm's excess cash. Make...

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In this week's project task, identify investments in financial institutions such as savings associations, credit unions, insurance companies, or a combination of them for the firm's excess cash. Make a recommendation to your boss giving reasons for your choice.




Write your memo in a 1-page Word document formatted in APA style.



Answered Same DayDec 21, 2021

Answer To: In this week's project task, identify investments in financial institutions such as savings...

David answered on Dec 21 2021
119 Votes
MEMO
Date : 8 January, 2013
To : Board of directors
From : Assistant Treasurer
Subject: Money
market investments and utilization of excess money.
I appreciate the decision of management to select me for writing this memo. The motive
behind writing this memo is to make the higher authority aware about the correct way for
utilizing the excess cash. This memo is to inform the top management about various short term
investments where company can invest its surplus money and derive better returns.
Every business units need to manage its cash position in an efficient manner in order to
reduce its total cost of funds i.e. carrying cost must be reduced to minimum possible without
incurring any money on cash run out cost. Investment in various instruments and organizations
makes it possible to minimize the cost of funds and simultaneously saving yielding the returns on
the money invested in the market. To understand the different type of investment we have to first
understand the...
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