Fin 571 Week 3 Wiley Plus Practice Quiz - New

FIN 571 Week 3 Wiley PLUS Practice Quiz - NEW

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Multiple Choice Question 32

The operating cycle

ends not with the finished goods being sold to customers and the cash collected on the sales; but when you take into account the time taken by the firm to pay for its purchases.

To measure operating cycle we need another measure called the days' payables outstanding.

begins when the firm receives the raw materials it purchased that would be used to produce the goods that the firm manufactures.

begins when the firm uses its cash to purchase raw materials and ends when the firm collects cash payments on its credit sales.

Multiple Choice Question 57

You are provided the following working capital information for the Ridge Company:

Ridge Company

Account $

Inventory $12,890

Accounts receivable 12,800

Accounts payable 12,670

Net sales $124,589

Cost of goods sold 99,630

Operating cycle: What is the operating cycle for Ridge Company?

51 days

47 days

85 days

36 days

Multiple Choice Question 80

Ticktock Clocks sells 10,000 alarm clocks each year. If the total cost of placing an order is $65 and it costs $85 per year to carry the alarm clock in inventory, use the EOQ formula to calculate the optimal order size.

26,154 clocks

24 clocks

15,294 clocks

161 clocks

Multiple Choice Question 49

The asset substitution problem occurs when

managers substitute less risky assets for riskier ones to the detriment of equity holders.

managers substitute riskier assets for less risky ones to the detriment of bondholders.

managers substitute less risky assets for riskier ones to the detriment of bondholders.

managers substitute riskier assets for less risky ones to the detriment of equity holders....