Question
6. The base rate of interest most often used by banks making U.S. dollar denominated loans outside the U.S. is: A.The inter-country rate (ICR). B.The
6. The base rate of interest most often used by banks making U.S. dollar denominated loans outside the U.S. is:
A.The inter-country rate (ICR).
B.The London Inter-bank offering rate (LIBOR).
C.The Eurodollar rate (EDR).
9. A firms debt:
A. Makes no legal promises of repayment.B. Makes the lender an owner of the firms C. Is a legal obligation between a lender and the firm. D.Is represented by the shares of stock given to the lender
10. Debt investors:
A. Are promised a specific rate of return. B. Do not receive interest payments unless profits increase. C. Are given shares of stock in return for the money they invest. D. Share in the success of the firm.
10. the accuracy of a percentage of sales forecast depend on:
A. The accuracy of the sales forecast.
B. The stability of the relationships between sales and the firms other accounts.
C. Accurate identification of spontaneous and discretionary accounts.
D. All of the above.
12. Pro-forma financial statements are:
A. Financial statements that have been audited.
B. Financial statements that do not balance.
C. Projected financial statements.
D. Competitive financial statements.
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