Saturday
January 24, 2015

Homework Help: financial accounting

Posted by Wanda on Friday, August 7, 2009 at 4:39pm.

Recently Boeing has maintained a cash balance of over $6 billion. At an annual inflation rate of about 2 percent, does cash have more or less purchasing power at the end of a given year than at the beginning? By how much? Is such a gain or loss reflected on the companyís financial statements? Why or why not? Why would Boeing want to keep its cash balance as low as possible? Why doesnít the company reduce its cash balance to zero?

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