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1.Horse Shoe Fitters, a farrier company, serves customers throughout Massachusetts. The company wants to speed up cash collections from customers. Which of the following methods would this company most likely use to accomplish this goal?
Multiple Choice
2. Ample Appliances, a store that sells washers and dryers, dishwashers, range ovens, and refrigerators, sells many of these appliances on credit. Which of the following might this company do to discourage slow payers from sitting on their bills forever?
Multiple Choice
3.If a firm attempts to produce its goods just in time to meet sales demand, the level of inventory will be
Multiple Choice
4.Tracey owns a custom jewelry business. One of her suppliers brings her a delivery of fine gems on the 1st of each month, which she can pay for anytime during that month. If she pays for the gems by the 15th of the month, her supplier gives her a 10 percent discount off the cost. Which of the following short-term liabilities does this scenario best describe?
Multiple Choice
5.Xavier, an entrepreneur, starts a business consulting firm. In order to conduct his business, he acquires 10 chairs, 6 office desks, 4 tables, and some other pieces of furniture from a local furniture store. The store owner understands that Xavier lacks sufficient funds and allows him to pay for the furniture in installments. In this scenario, the type of funding obtained by Xavier can be regarded as a(n)
Multiple Choice
6.Melanie has been a customer of Savers Bank for over ten years. Over time, her account at the bank has flourished and she is considered one of the bank’s best customers. When she decides to start her own business, she goes to Savers Bank for a short-term loan. Which kind of interest rate would Savers Bank most likely charge Melanie for this loan?
Multiple Choice
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