Answer the following MCQs - 12)Which of the following techniques does not take into account the time value of money? Select one: a. Net present value b. Internal rate of return c. Discounted Payback period d. Payback period

13)The amount of current assets that varies with seasonal requirements is referred to as __________ working capital. Select one: a. Permanent b. Net c. Temporary d. Gross

14)In deciding the appropriate level of current assets for the firm, management is confronted with_____. Select one: a. A trade-off between profitability and liquidity. b. A trade-off between liquidity and marketability. c. A trade-off between equity and debt. d. A trade-off between short-term versus long-term borrowing.

15)An increase in a firms receivable turnover ratio would mean_____. Select one: a. The firm is collecting its receivables more quickly than before b. The firm has decreased its cash sales c. The firm has more liberal credit terms d. The inventory stock is lower