Quiz 3

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As a company accounts payable​ manager, which of the following credit terms are most likely to entice you to take the cash​ discount? A. ​2/10 net 90 B. ​1/10 net 45 C. ​2/10 net 60 D. ​1/10 net 30

Answer the question no. (A)

Answer the question no. ( B)

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Given the following data; TOTAL SALES OMR 250000 CASH SALES OMR 125000 SALES RETURN OMR 5000 OPENING SUNDRY DEBTORS OMR 20000 CLOSING SUNDRY DEBTORS OMR 10000What will be the Net credit sales? a.OMR 245000 b.OMR 200000 c.OMR 125000 d.OMR 120000

b Preview File Edit View Go Tools Window Help mgt120h-a17.pdf Page 5 of 10 15. The retailer considers VISA and MasterCard sales as a. Cash sales. b. Promissory notes. c. Credit sales. d. Contingent sales. Cost-Volume-Profit Analysis 40 14. Receivables might be sold to a. Lengthen the cash-to-cash operating cycle. b. Take advantage of deep discounts on the cash realizable value of receivables. c. Generate cash quickly. d. Finance companies at an amount greater than cash realizable value. The Effect Of Prepaid Taxes On Assets And Liabili... O Debenture Valuation CC 7 D ↑ V Search (Cª Ơ Sat Apr 15 3:05 PM 13. Goodwill can be recorded When customers keep returning because they b. When the company ang because they are satisfied with the company's products. d. Only when there is an exchange transaction involving the purchase of an entire business. c. When the company has exceptional mor business 400-0 -0 =1 Page 4 of 11

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The Money Multiplier Process Loan Loan Loan Initial etc. deposit ($100) University Bank Deposit Bank #2 Deposit Bank #3 Bank Deposit #4 Excess reserves: $25 Required reserves: $75 Excess reserves: $6.25 Required reserves: $18.75 Excess reserves: $1.56 Required reserves: $4.69 Excess reserves: $0.39 Required reserves: $1.17 a. What volume of loans can the banking system in the figure support? b. If the reserve requirement were 80 percent rather than 75 percent, what would the system's lending capacity be?

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Study this case and answer question asked below: You have the following quotes from Bank A & Bank B   Bank A: Bank B SPOT USD/CHF 1.4650/55 USD/CHF 1.4653/60 3-months 5/10   6-months 10/15   Cash/Spot 1/2   SPOT GBP/USD 1.7645/60 GBD/USD 1.7640/50 3-months 25/20   6-months 35/25   If you want to buy 1 million GBP Spot against CHF you have to pay Minimum Amount you have to pay is a. CHF 2.5866 Million b. CHF 2.5881 Million c. CHF 2.5875 Million d. CHF 2.5863 Million

Which of the following interest rate rates do most credit card companies stay in? A. 1-7 % B. 8-13 % C. 30-40 % D. 14-29 %

Knowledge Check 01 Which of the following descriptions about commercial paper are true? (Select all that apply.) Check All That Apply Allows a company to borrow cash without having to follow formal loan procedures and paperwork. Interest is often discounted at issuance Interest rate is often higher than in a bank loan Sold in denominations of $50,000 9

Qd 156.

Balance sheet ($ million) Cash $10 50 Loans Securities 15 Deposit Equity $68 7 The bank is expecting a $15 net deposit drain. Show the bank's balance sheet if: a. The bank purchases liability to offset this expected drain. b. The bank uses the asset side liquidity to finance this expected drain.

Consider the following data : Total interest income 520,500 Total interest expense 145,300 Non interest income 65,200 Non interest expense 45,800 Provision for loan losses 5,400 Loss on securities 2,500 Taxes 1,800 The bank efficiency ratio would be Select one: O a. 14.77% O b. 10.40% O c. -65% O d. 65%

If a firm had been extending trade credit on a 2/10, net 30 basis, what change would be expected on the balance sheet/statement of financial position of its CUSTOMER if the firm went to a net cash 30 policy?    a. Increased receivables b. Increased payables c. Decreased in cash d. Decreased payables

Question 1 Please use an example to explain the process that the banking system uses to create money. Assume in your example that Bank 1 receives $1,200 from Firm A and sets up a checking account (demand deposits) for Firm A. Three firms, i.e., Firm A, Firm B, and Firm C, will be included in the process. Also assume that Bank 1, Bank 2, and Bank 3 all hold 12% in reserves and lend out the remaining demand deposits to corporations to earn interests.

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Prepayment of loans may be initiated by a. bank regulators b. bank auditors c. the central bank d. borrowers and lenders   If a bank has a return on assets of 1% and a ratio of equity to assets of 5%, its return on equity will be: a. 20% b. none of the above. c. 25% d. 5%   The principal distinction between a credit card and a debit card is that a. credit cards may be used to buy goods and services b. debit cards are used in lieu of check overdrafts c. debit cards do not extend beyond the bank balance d. credit cards are made of plastic and have customer information imbedded on a magnetic strip   Written loan policies should contain a. information about credit limits b. information about insider borrowing c. all of the above d. information about loan supervision

20 A bank will only continue a credit line for one of its small business customers if the small business can keep an acid-test greater than 1. The company's reported current accounts are as follows: ⚫ Cash: $6,000 • Accounts receivable (net): $19,000 • Inventory: $8,000 • Short-term investment: $4,500 ⚫ Current liabilities: $17,000 Which decision should the bank make? Close the credit line because the acid-test ratio is 0.45. Close the credit line because the acid-test ratio is 0.58. Maintain the credit line because the acid-test ratio is 2.21. Maintain the credit line because the acid-test ratio is 1.74.