FIN 100 quiz 10

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Question 2

If a firm purchases materials on credit and thus has accounts payable, its cash conversion cycle will be:

Question 3

Deposits placed in foreign banks that remain denominated in U.S. dollars are called:

Question 4

Calculation of a firm’s average collection period is the same as calculating the:

Question 5

_ 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.

Question 6

A negative cash conversion cycle indicates that the

Question 7

The key input to the short-run financial planning process that is easiest to estimate is

Question 8

One type of investment that would not be suitable for marketable securities would be:

Question 9

Holding all other factors constant, if a firm increases its current liabilities relative to total assets,

Question 10

The portion of current assets financed through long-term financing is referred to as the:

Question 11

Commercial paper dealers:

Question 12

Firms who wish to obtain short-term secured loans generally have two major current assets available as collateral in the form of:

Question 13

A revolving credit agreement is a:

Question 14

Permanent current assets are:

Question 15

A short-term promissory note sold by high-credit-quality corporations and is backed solely by the credit quality of the issuer is called:

Question 16

Commercial finance companies:

Question 17

The cost of trade credit involving cash discounts as a form of short-term financing is:

Question 18

The purchaser may deduct 2% from the purchase price if payment is made within 10 days; but if not paid within 10 days, the net amount of the purchase is due within 30 days. The sale is made on what terms?

Question 19

Commercial paper issued by large U.S. corporations is backed by:

Question 20

The most important reason for directly issuing or using commercial paper dealers is: