Pre-Assessment Finance.pdf - WGU Student Portal | Coaching Report PRE-ASSESSMENT PRINCIPLES OF FINANCE PPBO Attempt#1 Status Passed 1 The credit manager

Pre-Assessment Finance.pdf - WGU Student Portal | Coaching...

This preview shows page 1 - 4 out of 26 pages.

5/29/2020 WGU Student Portal | Coaching Report 1/26 PRE-ASSESSMENT: PRINCIPLES OF FINANCE PPBO Attempt #1 Status: Passed 1.The credit manager for a company is responsible for setting the company’s credit policy regardingavailability and limits for customers. What is one of the additional responsibilities of this credit manager? YOUR ANSWER CORRECT ANSWER Investing excess cashCollecting past-due accountsMonitoring accounts payablePurchasing insurance 2.Which activity is ±nancial management responsible for? YOUR ANSWER CORRECT ANSWER 3. What is one of the main areas of the ±nancial environment? YOUR ANSWER CORRECT ANSWER
Image of page 1
5/29/2020 WGU Student Portal | Coaching Report 2/26 YOUR ANSWER CORRECT ANSWER 4.What is a common challenge in the world of ±nance? YOUR ANSWER CORRECT ANSWER 5.Which variable must be considered when a corporation's ±nance department is determining the beststrategy for ±nancing a project? YOUR ANSWER CORRECT ANSWER The amount of debt and equity ±nancing currently in useThe bid-ask spread for the company’s stockRecent changes to the federal funds rateThe amount of trade credit from suppliers for the project 6.
Image of page 2
5/29/2020 WGU Student Portal | Coaching Report 3/26 An individual is interested in establishing a lawn care business as a sole proprietorship. What will be a disadvantage of choosing this business model? YOUR ANSWER CORRECT ANSWER 7.What is one bene±t of a sole proprietorship? YOUR ANSWER CORRECT ANSWER
Image of page 3
Image of page 4

You've reached the end of your free preview.

Want to read all 26 pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture