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标题: Reading 48: Working Capital Management-LOS a 习题精选 [打印本页]

作者: 1215 时间: 2011-3-24 14:44 标题: [2011]Session 11-Reading 48: Working Capital Management-LOS a 习题精选

Session 11: Corporate Finance
Reading 48: Working Capital Management

LOS a: Describe primary and secondary sources of liquidity and factors that influence a company's liquidity position.

The condition that occurs when a company disburses cash too quickly, stretching the company’s cash reserves, is best described as a:

A)
drag on liquidity.

B)
pull on liquidity.

C)
liquidity premium.

When cash payments are made too quickly, the condition is known as a pull on liquidity. A drag on liquidity occurs when cash inflows lag.

作者: 1215 时间: 2011-3-24 14:44

An example of a secondary source of liquidity is:

A)
cash flow management.

B)
negotiating debt contracts.

C)
trade credit and bank lines of credit.

Secondary sources of liquidity include negotiating debt contracts, liquidating assets, and filing for bankruptcy protection and reorganization. Primary sources of liquidity include ready cash balances, short-term funds (e.g., trade credit and bank lines of credit), and cash flow management

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