罗斯公司理财题库全集3.doc

Chapter 26 Short-Term Finance and Planning ? Multiple Choice Questions? 1.?The length of time between the acquisition of inventory and the collection of cash from receivables is called the:?A.?operating cycle.B.?inventory period.C.?accounts receivable period.D.?accounts payable period.E.?cash cycle. ? 2.?The length of time between the acquisition of inventory and its sale is called the:?A.?operating cycle.B.?inventory period.C.?accounts receivable period.D.?accounts payable period.E.?cash cycle. ? 3.?The length of time between the sale of inventory and the collection of cash from receivables is called the:?A.?operating cycle.B.?inventory period.C.?accounts receivable period.D.?accounts payable period.E.?cash cycle. ? 4.?The length of time between the acquisition of inventory by a firm and the payment by the firm for that inventory is called the:?A.?operating cycle.B.?inventory period.C.?accounts receivable period.D.?accounts payable period.E.?cash cycle. ? 5.?The length of time between the payment for inventory and the collection of cash from receivables is called the:?A.?operating cycle.B.?inventory period.C.?accounts receivable period.D.?accounts payable period.E.?cash cycle. ? 6.?Costs of the firm that rise with increased levels of investment in its current assets are called _____ costs.?A.?carryingB.?shortageC.?orderD.?safetyE.?trading ? 7.?Costs of the firm that fall with increased levels of investment in its current assets are called _____ costs.?A.?carryingB.?shortageC.?debtD.?equityE.?payables ? 8.?The forecast of cash receipts and disbursements for the next planning period is called a:?A.?pro forma income statement.B.?statement of cash flows.C.?cash budget.D.?receivables analysis.E.?credit analysis. ? 9.?A prearranged, short-term bank loan made on a formal or informal basis, and typically reviewed for renewal annually, is called a:?A.?letter of credit.B.?cleanup loan.C.?compensating balance.D.?line of credit.