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QUIZZ FFM GROUP 3

Total questions: 10

Worksheet time: 2mins

Name
Class
Date
1.

Period between the acquisition of inventory and the collection of cash from receivables. = Inventory Period + Accounts Receivables Period.

a)

Operating Cycle

b)

Accounts Receivable Period

c)

Accounts Payable Period

d)

Cash Cycle

2.

Your firm expects to receive a $30,000 payment from a supplier in 45 days. Calculating the increase in the cash can be collected 15 days sooner. Annual discount rate of 9%.

a)

$111.95

b)

$109.95

c)

$108.95

d)

$110.95

3.

A firm has cash and equivalents of $20,000, accounts receivable of $30,000 and inventory of $25,000. If current liabilities equal $100,000, what is the firm's current ratio?

a)

0.750

b)

1.333

c)

0.500

d)

2.000

4.

All else constant, an increase in inventory will have what effect on operating cash flow?

a)

 increase in operating cash flow

b)

decrease in operating cash flow

c)

no change in operating cash flow

d)

it depends

5.

Which factor least influences a business's decision about how much to invest in assets such as cash, securities, and inventory?

a)

Short-term financial policy of the enterprise

b)

Operational needs of the business

c)

The level of risk that the business accepts

d)

The level of profit that the business desires

6.

In calculating Reorder Points (ROP), what factors will have the most influence if a company wants to reduce inventory costs?

a)

Reduce the need to use the product

b)

Reduce supplier delivery time

c)

Reduce safety stock levels

d)

All of the above factors have the same influence

7.

A company produces and sells 5,000 units of product per year. The ordering cost is 200,000 VND per order, and the storage cost is 15 VND per product unit per year. What is the optimal quantity of products per order (Q*)?

a)

200 units

b)

250 units

c)

300 units

d)

400 units

8.

A company has a demand for 10,000 units of product per year. The ordering cost is 150,000 VND each time and the storage cost is 12 VND per product unit per year. What is the company's minimum total expenses in a year?

a)

500,000 VND

b)

600,000 VND

c)

700,000 VND

d)

800,000 VND

9.

During the Cash Budgeting process, which factor has the least impact on maintaining a positive Net Cash Flow?

a)

Strengthen accounts receivable management

b)

Negotiate payment terms with suppliers

c)

Cut unnecessary operating costs

d)

Optimize inventory

10.

Suppose the company has a positive net cash flow forecast. According to the passage, which factor will most influence a company's ability to maintain a positive cash balance in the long term?

a)

Positive net cash flow forecast

b)

The company's beginning cash balance

c)

The minimum cash balance

d)

All of the above factors have the same influence