标题: Reading 46: Working Capital Management LOS d习题精选 [打印本页]
作者: honeycfa 时间: 2010-4-21 10:49 标题: [2010]session 11-Reading 46: Working Capital Management LOS d习题精选
LOS d: Identify and evaluate the necessary tools to use in managing a company's net daily cash position.
An appropriate cash management strategy for a company that has a seasonally high need for cash prior to the holiday shopping season would least likely include:
|
A) |
investing in U.S. Treasury notes at other times of the year because they are highly liquid. | |
|
B) |
allowing short-term securities to mature without reinvestment. | |
|
C) |
borrowing funds though a bank line of credit. | |
Treasury notes have maturities between 2 and 10 years and, thus, have maturities longer than those of securities suitable for cash management. Allowing short-term securities to mature without reinvesting the cash generated would be one way to meet seasonal cash needs. Short-term bank borrowing or issuing commercial paper that can be paid off when holiday sales generate cash would be appropriate strategies for dealing with a predictable short-term need for cash.
作者: honeycfa 时间: 2010-4-21 10:50
The least appropriate security for investing short-term excess cash balances would be:
|
A) |
bank certificates of deposit. | |
|
|
|
|
While adjustable-rate preferred is an appropriate security for short-term investment of excess cash balances, other preferred shares are not. Bank certificates of deposit and time deposits can be for appropriately short periods.
| 欢迎光临 CFA论坛 (http://forum.theanalystspace.com/) |
Powered by Discuz! 7.2 |