Answer the following statements true (T) or false (F)
1. Short-term financial management is concerned with management of a firm's current assets and current liabilities to achieve a balance between profitability and risk.
2. Firms are able to reduce financing costs or increase the funds available for expansion by maximizing the amount of funds tied up in working capital.
3. On average in recent years, U.S. firms have been increasing their cash balances relative to total assets.
4. Working capital refers to a firm's long-term capital.
5. The more predictable a firm's cash inflows, the more net working capital it will need.
1. TRUE
2. TRUE
3. TRUE
4. FALSE
5. FALSE
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Agnes plans to file for bankruptcy under Chapter 7. One month prior to filing, Agnes gives Joe's Filling Station $700 to apply to her gas bill. Joe has been so kind to let her charge the gas she needed for her car over the past year. The bankruptcy trustee appointed to the case A)can cancel the payment to Joe as a fraudulent transfer
B)cannot cancel the payment to Joe because it is payment for an existing debt. C)cannot cancel the payment to Joe because he is not an insider. D)can cancel the payment to Joe as a voidable preference.
ICANN is a nonprofit corporation responsible for: A)granting safe harbors for good faith domain name violators
B)removing cybersquatters from the internet. C)resolving differences among domain names. D)coordinating the use of domain names across the Internet.
Multifactor authentication requires more than two means of authentication such as what the user knows (password), what the user has (security token), and what the user is (biometric verification).
Answer the following statement true (T) or false (F)
Bruce Company experienced an event that affected its financial statements as indicated below: Assets=Liabilities+EquityRevenue-Expense=Net incomeWork in process Mixing+Work in process Packing (10,500)+10,500=NA+NANA-NA=NA What type of product costing system is being used by this company?
A. Job-order costing system B. Process costing system C. Hybrid costing system D. None of these answers are correct.