Question 1 2 out of 2 points A mercantile credit bureau serves primarily as a (n
ID: 2636111 • Letter: Q
Question
Question 1
2 out of 2 points
A mercantile credit bureau serves primarily as a (n):
central record-keeping organization for credit information on business firms
central record-keeping organization for credit information on business firms
Question 2
2 out of 2 points
The objective of managing current assets and liabilities is to
achieve a balance between profitability and risk that contributes to the firm's value.
achieve a balance between profitability and risk that contributes to the firm's value.
Question 3
2 out of 2 points
One type of investment that would not be suitable for marketable securities would be:
mortgages
mortgages
Question 4
2 out of 2 points
The portion of current assets financed through long-term financing is referred to as the:
net working capital
net working capital
Question 5
2 out of 2 points
___________ are short-term money market investments that are extremely safe and liquid; they can be quickly converted into cash at values very close to their intrinsic values.
marketable securities.
marketable securities.
Question 6
2 out of 2 points
The goal of a company
A mercantile credit bureau serves primarily as a (n):
Answer Selected Answer:central record-keeping organization for credit information on business firms
Correct Answer:central record-keeping organization for credit information on business firms
Question 1 2 out of 2 points A mercantile credit bureau serves primarily as a (n): Answer Selected Answer: central record-keeping organization for credit information on business firms Correct Answer: central record-keeping organization for credit information on business firms Question 2 2 out of 2 points The objective of managing current assets and liabilities is to Answer Selected Answer: achieve a balance between profitability and risk that contributes to the firm's value. Correct Answer: achieve a balance between profitability and risk that contributes to the firm's value. Question 3 2 out of 2 points One type of investment that would not be suitable for marketable securities would be: Answer Selected Answer: mortgages Correct Answer: mortgages Question 4 2 out of 2 points The portion of current assets financed through long-term financing is referred to as the: Answer Selected Answer: net working capital Correct Answer: net working capital Question 5 2 out of 2 points ___________ are short-term money market investments that are extremely safe and liquid; they can be quickly converted into cash at values very close to their intrinsic values. Answer Selected Answer: marketable securities. Correct Answer: marketable securities. Question 6 2 out of 2 points The goal of a company?s cash management policy is to Answer Selected Answer: minimize the cash requirement. Correct Answer: minimize the cash requirement. Question 7 2 out of 2 points Deposits placed in foreign banks that remain denominated in U.S. dollars are called: Answer Selected Answer: Eurodollars Correct Answer: Eurodollars Question 8 2 out of 2 points The time between when a payee sends payment and the funds are credited to the payer?s bank account is called the: Answer Selected Answer: collection float Correct Answer: collection float Question 9 2 out of 2 points Holding all other factors constant, if a firm increases its current liabilities relative to total assets, Answer Selected Answer: it increases return and increases risk. Correct Answer: it increases return and increases risk. Question 10 2 out of 2 points Which of the following marketable securities is sold at a discount throughout competitive bidding in a weekly auction? Answer Selected Answer: U.S. Treasury bills Correct Answer: U.S. Treasury bills Question 11 2 out of 2 points The most important reason for directly issuing or using commercial paper dealers is: Answer Selected Answer: the cost of borrowing is generally less than regular bank rates Correct Answer: the cost of borrowing is generally less than regular bank rates Question 12 2 out of 2 points Net working capital is defined as: Answer Selected Answer: current assets less current liabilities Correct Answer: current assets less current liabilities Question 13 2 out of 2 points Firms who wish to obtain short-term secured loans generally have two major current assets available as collateral in the form of: Answer Selected Answer: receivables and inventory Correct Answer: receivables and inventory Question 14 2 out of 2 points Commercial finance companies obtain loanable funds: Answer Selected Answer: through both long- and short-term borrowing Correct Answer: through both long- and short-term borrowing Question 15 2 out of 2 points Commercial paper issued by large U.S. corporations is backed by: Answer Selected Answer: credit quality of the issuer Correct Answer: credit quality of the issuer Question 16 2 out of 2 points A receivable from the sale of merchandise on the basis of a draft or bill of exchange drawn against the buyer or the buyer?s bank is termed a (n): Answer Selected Answer: acceptance Correct Answer: acceptance Question 17 2 out of 2 points A revolving credit agreement is a: Answer Selected Answer: banker?s standby agreement to provide a guaranteed line of credit for a specified period of time Correct Answer: banker?s standby agreement to provide a guaranteed line of credit for a specified period of time Question 18 2 out of 2 points Compensating balances at a commercial bank are: Answer Selected Answer: account balances required in connection with unsecured business loans under bank lines of credit Correct Answer: account balances required in connection with unsecured business loans under bank lines of credit Question 19 2 out of 2 points Which of the following short-term sources of funds is available only to the financially strongest concerns? Answer Selected Answer: commercial paper Correct Answer: commercial paper Question 20 2 out of 2 points What is the most important overall source of short-term business financing both in the U.S. and worldwide? Answer Selected Answer: trade credit Correct Answer: trade creditExplanation / Answer
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