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Short Term Quiz

Which of the following is not included in current assets?

The main difference between short term and long-term finance is:

The cash budget is the primary short-run financial planning tool. The key reasons a cash budget is created are:

A company has forecast sales in the first 3 months of the year as follows (figures in millions): January, $60; February, $80; March, $100. 60% of sales are usually paid for in the month that they take place and 40% in the following month. Receivables at the end of December were $24 million. What are the forecasted collections on accounts receivable in March?

Cash inflow in cash budgeting comes mainly from:

Compensating balances:

If the interest rate on a line of credit is 12% per year, what is the quarterly interest payment on a loan of $10 million?

Generally, a line of credit is:

Strategy A implies a permanent need for short-term borrowing.

Most firms make a permanent investment in net working capital.

Tagged as: cash budget, cash budget, short
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