Chapter 18. Financial Management CPS questions. 1. Which of the following function in business is responsible for acquiring funds for the firm and managing funds within the firm?. Accounting Managerial accounting Finance Financial accounting.
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3. Marty is the manager of Golden Candies. He is concerned that his cash expenditures have been exceeding his cash receipts for the last six months. What is Golden Candies is suffering from?
4. Judy intends to major in finance and find employment in corporate financial management. As a finance major, Judy will discover which of her courses to be similar to her finance classes?
6. The managers of Cali Formations regularly compare their actual profits with the firm's projected profits. When deviations occur, the managers use the feedback to take corrective action when necessary. What are the managers of Cali Formations exercising?
7. Atreyu knows of no better way of establishing revenue expectations and allocating resources in order to achieve the goals of her firm. Atreyu realizes the importance of developing which of the following for her interior design business?
8. As a finance manager at Honey Hotel’s, Veronica worries about the firm's borrowing and debt repayment requirements for the next year. She knows the benefit of estimating Honey’s cash disbursements and short-term investment expectations. Facing these concerns, which of these would provide Charlie with valuable information?
15. To secure financing for a planned expansion, Ohio Electronics borrowed $400,000 from Prince Finance. Which loan agreement requires that Ohio Electronics provide the title to their factory as collateral?
16. Tree Hugger Recycling uses its stock of unsold aluminum products as collateral for a short term loan. What does this arrangement represent?
19. As Woody considers approaching a venture capital firm to provide funding for his new software firm, what should he realize that a venture capital firm will do?