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Beschreibung
Quiz von Harpratap Singh, aktualisiert more than 1 year ago
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Erstellt von Harpratap Singh
vor mehr als 9 Jahre
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Frage 1
Frage
A working capital technique, which delays the outflow of cash, is:
Antworten
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A draft.
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A lock-box system.
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Compensating balances.
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Factoring.
Frage 2
Frage
Which one of the following would increase the working capital of a firm?
Antworten
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Payment of a thirty-year mortgage payable with cash.
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Refinancing of accounts payable with a two-year note payable.
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Cash collection of accounts receivable.
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Cash payment of accounts payable.
Frage 3
Frage
The optimal level of inventory would be affected by all of the following, except the:
Antworten
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Cost of placing an order for merchandise.
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Cost per unit of inventory.
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Lead time to receive merchandise ordered.
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Current level of inventory.
Frage 4
Frage
As a company becomes more conservative with respect to working capital policy, it would tend to have a (n):
Antworten
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Decrease in the quick ratio.
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Increase in the ratio of current assets to noncurrent assets.
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Decrease in the operating cycle.
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Increase in the ratio of current liabilities to noncurrent liabilities.
Frage 5
Frage
Which of the following ratios is appropriate for the evaluation of accounts receivable?
Antworten
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Return on total assets
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Collection to debt ratio.
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Days sales outstanding.
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Current ratio.
Frage 6
Frage
Green, Inc., a financial investment-consulting firm, was engaged by Maple Corp. to provide technical support for making investment decisions. Maple, a manufacturer of ceramic tiles, was in the process of buying Bay, Inc., its prime competitor. Green's financial analyst made an independent detailed analysis of Bay's average collection period to determine which of the following?
Antworten
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Liquidity.
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Financing.
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Return on equity.
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Operating profitability.
Frage 7
Frage
Which of the following inventory management techniques focuses on a set of procedures to determine inventory levels for demand-dependent inventory types such as work-in-process and raw materials?
Antworten
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Cycle counting.
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Economic order quantity.
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Materials requirements planning.
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Safety stock reorder point.
Frage 8
Frage
In inventory management, the safety stock will tend to increase if the:
Antworten
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Carrying cost increases.
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Variability of lead-time increases.
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Fixed order cost decreases.
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Cost of running out of stock decreases.
Frage 9
Frage
The Stewart Co. uses the Economic Order Quantity (EOQ) model for inventory management. A decrease in which one of the following variables would increase the EOQ?
Antworten
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Carrying costs.
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Safety stock level.
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Cost per order.
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Quantity demanded
Frage 10
Frage
Why would a firm generally choose to finance temporary assets with short-term debt?
Antworten
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A firm that borrows heavily long term is more apt to be unable to repay the debt than a firm that borrows heavily short term.
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Financing requirements remain constant.
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Matching the maturities of assets and liabilities reduces risk.
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Short-term interest rates have traditionally been more stable than long-term interest rates.
Frage 11
Frage
The amount of inventory that a company would tend to hold in stock would increase as the:
Antworten
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Variability of sales decreases.
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.Cost of running out of stock decreases.
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Length of time that goods are in transit decreases.
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Cost of carrying inventory decreases.
Frage 12
Frage
The working capital financing policy that subjects the firm to the greatest risk of being unable to meet the firm's maturing obligations is the policy that finances:
Antworten
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Permanent current assets with long-term debt.
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Fluctuating current assets with short-term debt.
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Permanent current assets with short-term debt.
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Fluctuating current assets with long-term debt.
Frage 13
Frage
Which of the following inventory management approaches orders at the point where carrying costs equate nearest to restocking costs in order to minimize total inventory cost?
Antworten
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Economic order quantity.
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Materials requirements planning.
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Just-in-time.
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Kanban inventory control.
Frage 14
Frage
Which of the following assumptions is associated with the economic order quantity formula?
Antworten
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The purchase cost per unit will vary based on quantity discounts.
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Periodic demand is known.
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The carrying cost per unit will vary with quantity ordered.
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The cost of placing an order will vary with quantity ordered.
Frage 15
Frage
Which of the following effects would a lockbox most likely provide for receivables management?
Antworten
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Minimized disbursement float.
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Maximized collection float.
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Maximized disbursement float.
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Minimized collection float.
Frage 16
Frage
Each of the following items is included when computing a firm's target cash conversion cycle, except the:
Antworten
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Inventory conversion period
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Cash discount period.
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Payables deferral period.
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Average collection period.
Frage 17
Frage
Cash Co. is seeking to establish better controls over its cash receipts. As part of its strategy, the company establishes a single bank as its central depository. This technique is known as:
Antworten
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Compensating balances.
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Concentration banking.
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Zero balance account banking.
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Lockbox banking.
Frage 18
Frage
The CFO of a company is concerned about the company's accounts receivable turnover ratio. The company currently offers customers terms of 3/10, net 30. Which of the following strategies would most likely improve the company's accounts receivable turnover ratio?
Antworten
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Changing customer terms to 3/20, net 30.
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.Changing customer terms to 1/10, net 30.
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Entering into a factoring agreement with a finance company.
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Pledging the accounts receivable to a finance company
Frage 19
Frage
Which of the following transactions would increase the current ratio and decrease net profit?
Antworten
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A long-term bond is retired before maturity at a discount.
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Vacant land is sold for less than the net book value.
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A federal income tax payment due from the previous year is paid.
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A dividend is paid.
Frage 20
Frage
Which of the following ratios would most likely be used by management to evaluate short-term liquidity?
Antworten
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Return on total assets
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Accounts receivable turnover.
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Acid test (quick) ratio.
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Sales to cash.
Frage 21
Frage
An increase in which of the following should cause management to reduce the average inventory?
Antworten
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The lead time needed to acquire inventory.
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The annual demand for the product.
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The cost of carrying inventory
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The cost of placing an order.
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