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and international banks. This is wise because it allows the company to access cash as needed in a short amount of time. At the same time, international investing accrues interest while excluding it from U.S. federal taxes (Danaher, 2007). "It is generally a good idea for firms to figure out first how much cash to hold to satisfy the transactions needs" (Ross et al, 2004, p...
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"It is generally a good idea for firms to figure out first how much cash to hold to satisfy the transactions needs" (Ross et al, 2004, p. 754).
Credit Policy
Danaher's exact credit policy is unavailable for review in its 10-K, however, what is stated is "Although the Company does not obtain collateral or other security to support these financial instruments, it does periodically evaluate the credit standing of the counter party financial institutions" (Danaher, 2007, p...
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