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Fin 340 NAU Exam 2 Questions and Answers with complete solution
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  • Fin 340 NAU
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  • Fin 340 NAU

List 4 reasons for a firm would hold cash and marketable securities - ️️1 Transaction balances 2 Compensating balances 3 Pre-cautionary balance 4 Speculative purposes Complete the following statements with "increase" or "decrease": An increase in Inventory conversion period will _________...

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  • October 17, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • Fin 340 NAU
  • Fin 340 NAU

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Fin 340 NAU Exam 2
List 4 reasons for a firm would hold cash and marketable securities - ✔️✔️1
Transaction balances
2 Compensating balances
3 Pre-cautionary balance
4 Speculative purposes

Complete the following statements with "increase" or "decrease": An increase in
Inventory conversion period will _________ the CCC - ✔️✔️increase

True/False:Working capital management is more important for larger firms than smaller
businesses - ✔️✔️False

True/False:There is a close relationship between growth and the need to finance current
assets - ✔️✔️True

True/False:Small business mainly rely on long-term credit and are not concerned with
short-term loans and trade credit - ✔️✔️False

True/False:There is no consequence to holding large amounts of cash within the firm -
✔️✔️False
True/False:Working capital management has to do with managing current asset and
current liability accounts - ✔️✔️True



True/False:Firms can profit by holding less cash - ✔️✔️True

True/False:An aggressive working capital policy would finance large amounts of current
assets with mainly long-term debt - ✔️✔️False

Complete the following statements with "increase" or "decrease": An increase in the
Payable deferral period will __________ the CCC - ✔️✔️decrease

Complete the following statements with "increase" or "decrease":a decrease in the
Average Collection period will ___________ the CCC - ✔️✔️decrease

Which is preferable: A higher CCC or lower CCC? - ✔️✔️Lower


What goes on a Monthly Cash Budget? (if drawing one out is easier than listing, feel
free) - ✔️✔️Inflows(Revenue & Any Loan $),

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