Short-term finance is primarily concerned with ___.

current assets current liabilities

Which of the following are examples of current liabilities?

Accounts payable Expense accruals

Short-term finance is concerned with current assets and current liabilities, whereas long-term finance is concerned with ___.

capital budgeting dividend policy capital structure

The balance sheet identity says _____.

net working capital plus fixed assets equals long-term debt plus equity

Short-term, or current, assets are listed on the balance sheet in the increasing order of:

the time needed to convert them to cash.

Which of the following activities by a firm will increase cash?

Selling stock Obtaining a loan Selling bonds

The operating cycle is composed of which periods?

Accounts receivable period Inventory period

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finance

CHPT

Question	Answer
Short-term finance is primarily concerned with ___.	current assets current liabilities
Current assets are cash and other assets that will be turned into cash within ___.	A YEAR
Which of the following are examples of current assets?	Cash Marketable securities
Current liabilities are firm obligations that will require payment within the ______ period if it is longer than a year.	OPERATING
Net working capital equals current assets ______ current liabilities.	MINUS
Which of the following are examples of current liabilities?	Accounts payable Expense accruals
Short-term finance is concerned with current assets and current liabilities, whereas long-term finance is concerned with ___.	capital budgeting dividend policy capital structure
The balance sheet identity says _____.	net working capital plus fixed assets equals long-term debt plus equity
Short-term, or current, assets are listed on the balance sheet in the increasing order of:	the time needed to convert them to cash.
Which of the following activities by a firm will increase cash?	Selling stock Obtaining a loan Selling bonds
Current assets are listed on the balance sheet in ____ order.	liquidity
Total asset turnover is defined as ___.	sales divided by total assets
Current liabilities are firm obligations that will require cash payment within ___.	ONE YEAR
The operating cycle is composed of which periods?	Accounts receivable period Inventory period
One disadvantage to a flexible financing policy is that ____ rates are usually higher than _____ rates.	long-term; short-term
Carrying costs involve _____ costs.	opportunity

Created by: agordon93

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