Please answer all of the above

7. Which two of the following are optimal uses for short-term excess cash? I. Pay down credit lines II. Repurchase stock III Make ovemight investments IV. Make capital expenditures a. I and II b. I and III c. II and III d. II and IV 8. Which of the following is a source of short-term financing? a. Issuing a callable bond b. Accounts receivable factoring c. Issuance of common stock d. Selling non-strategic assets 9. XYZ Co. has a large credit facility with a syndicate of banks that includes certain covenants and provisions. A fire has destroyed a key manufacturing plant owned by XYZ. All interest owed under the credit facility has been paid as required. However, after being notified of the fire, the lead bank notified XYZ that is was in default. Which one of the following covenants was Most Likely cited for the notice of default? a. Technical default b. Cross-default provision c. Material adverse change d. Fixed asset coverage default 10. Resigned position as CEO of the Enron Corporation in August of 2001. a. K. Lay b. J. Skilling c. A. Fastow d. S. Watkins 11. An arrangement in which a borrover makes periodic payments to a separate custodial account that can be used to pay interest and retire debt is known as: a Sinling fund b. Amortization trust c. Balloon payment d. Securitization