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FINC 4331 - Ch. 3 Test Questions and 100% Correct Verified Answers $9.99   Add to cart

Exam (elaborations)

FINC 4331 - Ch. 3 Test Questions and 100% Correct Verified Answers

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FINC 4331 - Ch. 3 Test Questions and 100% Correct Verified Answers

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  • September 13, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • FINC 4331
  • FINC 4331
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KenAli
FINC 4331 - Ch. 3 Test Questions and 100%
Correct Verified Answers

Cheap Stuff, ltd. is a distributor of goods to discount stores. The company has

experienced 12% sales growth over the last three years. Despite continued economic

declines projected, the company is forecasting continued sales growth of 10-15% each

year over the next 3 years. Which of the following sources of financing would be most

appropriate to support related increases in receivables and inventory? - ANSWER

revolving line of credit



Which of the following sources of information is least critical when developing a set of

projections? - ANSWER organizational charts and job descriptions



Which of the following best describes the order in which a manual projection is

constructed? - ANSWER The income statement is constructed before calculating the

swing factors and other elements on the balance sheet.



Using the information below, which statement best describes how ABC met its

predominant financing need? - ANSWER ABC's capital expenditures were funded

mostly by long-term debt.




Which of the following events would create a cash inflow in a direct cash

flow statement? - ANSWER Slower payment of trade creditors.

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