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ACF Quizzes 2024 100- Questions With Correct Solutions
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ACF Quizzes 2024 100- Questions With Correct Solutions
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10/12/24, 10:50 AMACF Quizzes
Jeremiah
Terms in this set (20)
Where a lessor purchases an asset through borrowing and uses the lease payments
Leveraged Lease
to pay interest and principal on the loan.
Sales-Type Lease A lease where the lessor is the primary dealer for the asset.
The firm sells the asset and receives cash from the sale and then makes lease
Sale and Lease-Back
payments to retain the use of the asset.
A lease where a firm does not make the asset, but instead acquires it from a
Direct Lease
manufacturer of the asset and then leases its customers.
Securities issued by ___ are explicitly Ginnie Mae
backed by the United States government.
A firm considers borrowing using accounts payable only if trade credit is the least
expensive source of funding.
The motivation for holding cash could include to internally fund investments and for
precautionary reasons in case of negative shocks.
Which one of the following statements is
FALSE? To determine a firm's credit/receivables management policy, a firm must establish
standards, terms, and collection.
Correct answer:
An aging schedule lays out a firm's inventory by days outstanding and allows firm to
identify its customers' payment patterns.
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