Affiliation:
1. School of Hotel Administration, Cornell University
Abstract
A total system approach to cash management can produce savings through reduction of cash tied up in the system and earlier availability of cash received. Assume, for example, that a hotel chain could gain two additional days of activity for its average daily collection of $300,000: if the released funds could be invested at eight percent per year, the total annual savings would be $48,000.
Subject
Tourism, Leisure and Hospitality Management
Cited by
2 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献