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

Question

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.

David · Accepted Answer

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.

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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