QUESTION 6

Commercial paper is ___. a.short-term with maturities that do not exceed nine months b.long-term with maturities of greater than five years c.long-term with maturities greater than one year d.short-term with maturities under six months 0.5 points

QUESTION 7

Negotiated short-term credit sources are all except which of the following? a.bank credit b.commercial paper c.trade credit d.inventory loans 0.5 points

QUESTION 8

Net working capital is defined as ___. a.total current assets b.current assets plus current liabilities c.current assets minus current liabilities d.total assets minus total liabilities 0.5 points

QUESTION 9

Efficient current assets management refers to the firms ability to economize on which of the following? I. Inventory

II. Marketable securities

a.Only I b.Both I and II c.Neither I nor II d.Only II 0.5 points

QUESTION 10

If a firm shows a profit on the quarterly income statement, then ___. a.there will be no need for additional financing b.the firm may need additional financing c.the firm will increase its cash balance d.All of these may be correct 0.5 points

course name financial management application