公司理财精要第十六章题库.doc

Chapter 16 Short-Term Financial Planning ? Multiple Choice Questions? 1.?Which one of the following commences on the day inventory is purchased and ends on the day the payment for that inventory is collected? Assume all sales and purchases are on credit.?A.?Inventory periodB.?Accounts receivable periodC.?Accounts payable periodD.?Operating cycleE.?Cash cycle ? 2.?The amount of time that a firm holds inventory in stock is referred to as which one of the following??A.?Inventory periodB.?Accounts receivable periodC.?Accounts payable periodD.?Operating cycleE.?Cash cycle ? 3.?The accounts receivable period is the time that elapses between the _____ and the _____.?A.?purchase of inventory; payment to the supplierB.?purchase of inventory; collection of the receivableC.?sale of inventory; payment to supplierD.?sale of inventory; collection of the receivableE.?sale of inventory: billing to customer ? 4.?Which one of the following is the length of time that a retailer owes its supplier for an inventory purchase??A.?Inventory periodB.?Accounts receivable periodC.?Accounts payable periodD.?Operating cycleE.?Cash cycle ? 5.?Which one of the following defines the cash cycle??A.?Inventory period plus the accounts receivable periodB.?Inventory period plus the accounts payable periodC.?Operating cycle minus the inventory periodD.?Operating cycle minus the accounts payable periodE.?Operating cycle minus the accounts receivable period ? 6.?Which one of the following is a graphical representation of the operating and cash cycles??A.?Operations lineB.?Production periodC.?Cash flow time lineD.?Inventory flow chartE.?Customer service line ? 7.?Which one of the following is directly related to increases in a firms current assets??A.?Re-order costsB.?Shortage costsC.?Restocking costsD.?Out-of-stock eventsE.?Carrying costs ? 8.?Which of the following are inversely related to increases in a firms current assets?I. re-order costsII. shortage costsIII.