Firms use short-term financing for
a. assets they expect to convert to cash in the short run.
b. assets to be used over long periods.
c. liabilities they expect to convert to cash in the short run.
d. liabilities to be used over long periods.
e. shareholders' equity they expect to convert to cash in the short run.
A
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An index fund is
A. a mutual fund that mimics a stock index. B. an investment company that pools the funds of many investors and buys government bonds. C. a mutual fund that buys mortgage-backed securities (MBSs). D. a company that rates companies in terms of their financial strength.
Which of the following statements about a just-in-time operating environment is true?
a. Simplicity and quality are good, but inventories and nonvalue-adding activities are not. b. Inventories are necessary to support the production function. c. Just-in-time is based on push-through production concepts. d. Just-in-time is based on the scientific management principles established by F.W. Taylor.
Norwest Trucking Corporation files a suit in a state court against Bob's Service Company (BSC), and wins. BSC appeals the court's decision, asserting that the evidence presented at trial to support Norwest's claim was so scanty that no reasonable jury
could have found for the plaintiff. Therefore, argues BSC, the appellate court should reverse the trial court's decision. Is the appellate court likely to reverse the trial court's findings with respect to the facts? If not, why not? What are an appellate court's options after reviewing a case?
Which of the following is a criterion that needs to be fulfilled by an individual to be recognized as a certified public accountant?
A. He or she must serve the Securities and Exchange Commission for at least two years after passing the certified public accountancy examination. B. He or she must complete the equivalent of 150 semester hours of college education with a heavy emphasis in accounting and other business-related courses. C. He or she must complete at least three years of direct work experience in the field of accounting. D. He or she must pass a rigorous five-day, six-part examination.