Answers: depositors and borrowers. commercial clients and residential clients. secured creditors and unsecured creditors. short-term borrowers and long-term borrowers. Question 42 1 out of 1 points A _________ forecast predicts the revenues, costs, and expenses a firm will incur for a period of one year or less. Selected Answer: short-term Answers: near-horizon short-term capital expenditures tactical Question 43 1 out of 1 points An accountant who works for a single business or government agency is referred to as a:
Selected Answer: private accountant. Answers: public accountant. private accountant. certified accountant. commission accountant. Question 44 1 out of 1 points The Fed bought several billion dollars worth of U.S. government securities. The purpose of this action is to: Selected Answer: stimulate the economy by increasing the amount of money in circulation. Answers: decrease the size of the national debt. improve its financial position by investing in relatively safe interest- earning assets. stimulate the economy by increasing the amount of money in circulation. drive up interest rates to cool off inflationary pressures. Question 45 1 out of 1 points A __________ represents an agreement by a bank to pay a foreign company a given amount if certain conditions are met. Selected Answer: letter of credit Answers: certificate of deposit banker's acceptance callable option
letter of credit Question 46 1 out of 1 points If a company secures a three-year bank loan, this is considered __________. Selected Answer: long-term financing Answers: short-term financing asset funding liability funding long-term financing Question 47 1 out of 1 points Carlos is the manager of Oh! Canada Sporting Goods. During the past six months, his cash expenditures have exceeded his cash receipts. Oh! Canada is suffering from a(n) ________ problem. Selected Answer: cash flow Answers: accounting undercapitalizati on cash flow exchange rate Question 48 1 out of 1 points The organization responsible for conducting monetary policy in the United States is the: Selected Answer: Federal Reserve System. Answers: Federal Trade Commission. Council of Economic Advisors.
Federal Reserve System. Federal Monetary Control Authority. Question 49 0 out of 1 points The ________ is a large national electronic stock trading market. Selected Answer: SEC Answers: SEC NYSE NASDA Q NLRB Question 50 1 out of 1 points A major concern for firms selling on credit is: Selected Answer: the large amount of assets tied up in accounts receivable. Answers: the realization that many credit customers always pay their bills. the large amount of assets tied up in accounts receivable. the resulting increase in the debt ratio for the firm. the inability to utilize factoring as a source of financing. Saturday, October 27, 2018 6:17:30 AM EDT
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