1. (TCO 1) Which of the these activities is a capital budgeting task? (Points :

Question

1. (TCO 1) Which of the these activities is a capital budgeting task? (Points : 4)
determining the amount of cash needed on a daily basis to operate a firm
. identifying assets that produce value in excess of the cost to acquire those assets
establishing the inventory level
establishing a new credit policy


2. (TCO 1) Market value is important to the financial manager because: (Points : 4)
It reflects the value of the asset based on generally-accepted accounting principles.
Is a crucial component of the balance sheet, and can impact the financial statements.
Market values reflect the amount someone is willing to pay today for an asset. The market value of an asset reflects its historical cost.

Explanation / Answer

establishing the inventory level Market values reflect the amount someone is willing to pay today for an asset. The market value of an asset reflects its historical cost.

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