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Which of the following would not normally be the responsibility of the corporate treasurer?
Managing temporary surplus cash Production costing and product pricing Foreign exchange risk management Risk management and investment
Which one of the following would not be a significant issue to consider when deciding whether to borrow 'long or short'?
The uncertainty of getting future finance The yield curve The maturity structure of current debt The availability of fixed asset collateral
Which of the following classes of risk cannot generally be avoided, hedged and/or mitigated?
Financial risk Interest rate risk Currency risk Business risk
The credit period granted by suppliers plus raw material stock period plus workin-progress period plus finished goods inventory period
When a business expands at a rate faster than is sensible, given its stock of managerial talent When a firm chooses to switch production to an overseas base
When a business has insufficient finance for investment in working capital to sustain its level of trading
Using Baumol's cash model, the optimum amount to transfer regularly into cash for a firm which receives 6 per cent interest on invested cash, is charged 50 every time money is withdrawn and has an annual need for cash of 150,000, is:
3,873 11,180 180 15,811
Average value of finished goods sold per day Average cost of goods sold per day Average level of debtors Purchases from debtors per day Average value of work-in-progress Average cost of goods sold per day Average value of raw materials stock Average purchase of raw materials per day