Correct! Home » Flashcards » Intro to Business Chapter 18, Typically, only highly regarded customers with financial stability receive __________. Taxes represent an inflow of cash to the firm. The rationale behind offering customers credit is: Typically, only highly regarded customers with financial stability receive _____ Unsecure loans. Money has a time value because: Venture capital firms. Working with programs run by both the public and private sector, communities can foster an understanding of the benefits of financial literacy among their citizens. commercial paper Correct! A _______ is a promissory note that requires the borrower to repay the loan in specified installments. Accounts receivable is shown in a balance sheet as an asset. This discount can be retroactive, covering all preceding sales during the measurement period, or it may only apply to all subsequent sales. A. Virginia’s customers have very little incentive to pay within the discount period. 260. Bonds provide equity financing. A. share of stock A. A. The overall objective of financial planning is to: The rate of return a company must earn to meet the demands of its lenders and expectations of its equity holders is called: Settlements (2003). C. Control of expenses Commercial banks A. profit-seeking, but not for nonprofit organizations. A. secured loans You can also use reminders to calculate finance charges, such as interest or fees and include them on the reminder. Typically, only highly regarded customers with financial stability receive _____. This is the type of expenditure that would be included in a(n): ___________ refers to the process that identifies variances by comparing actual revenues and expenses to projected revenues and expenses. C. liability funding. In order to compare information across a broad spectrum, data needs to be gathered. B. balance sheet 3. Which of the following shows a firm's spending plans on fixed assets such as large equipment? 4. A customer shouldn’t feel they are an intrusion on the service provider’s work day! D. stakeholder consensus. B. Fell free get in touch with us via phone or send us a message. Outcome 3: Consumers are provided wit… California Scientific provides for their long-term funding needs through ________ financing. B. Capital Budget _____ provide financing to new or emerging companies with high profit potential. C. Interest paid to bondholders represents a tax-deductible business expense. C. bookkeeper Outcome 2:Products and services marketed and sold in the retail market are designed to meet the needs of identified consumer groups and are targeted accordingly. D. long-term. This is the type of expenditure that would be included in a(n) ______ budget. The Six Basic Needs of Customers. Check with your state to see if … (p. 498) Typically, only highly regarded customers with financial stability receive _____. D. acquisition cost. ______ is the process of selling accounts receivable for cash. B. The principle that the greater the risk a lender takes in making a loan, the higher the interest rate required is called _______. This arrangement gives the firm access to a specified amount of unsecured short-term funds, provided the bank has the funds available. Globally, publicly listed companies are required by law to file their financial statements with … Profitable businesses usually pay taxes. C. liability funding D. the annual financing cost of failing to pay within 15 days is about 48%. The effective management of accounts receivable requires financial managers to: Regulations protect customers from financial fraud. Instead, its value comes from its general acceptance as money. A. forecast This arrangement gives the firm access to a specified amount of unsecured short-term funds, provided the bank has the funds available. With an added cash value option, your life insurance policy can help contribute to a retirement nest egg … Typically, only highly regarded customers with financial stability receive _____. Need-based customers: Customers with the intention of buying a specific pr… A ________sets forth management's expectations for revenues and, on the basis of those expectations, allocates the use of specific resources throughout the firm. unsecured loans; Which of the following provides the buyer with collateral? (p. 498) Typically, only highly regarded customers with financial stability receive _____. Regulations would have kept the Lehman Brothers' failure from catching the government off-guard. A. secured loans B. bank premiums C. unsecured loans D. commercial paper AACSB: Reflective Thinking Bloom's: Knowledge Learning Goal: 18-4 Level of Learning 1: Knowledge of key terms Topic: Different Forms of Short-Term Loans 261. Outcome 1: Consumers can be confident they are dealing with firms where the fair treatment of customers is central to the corporate culture. A. C. inappropriate cash flows. These include unethical mortgages, credit cards, and other financial products. If your customer acquisition ratio is less than one, it’s an indication that you’re spending too much to acquire customers and losing money as a result. 2. A loan backed by collateral represents a(n) ______. _______refers to the use borrowed funds to increase a firm's rate of return. A firm negotiates a(n) _____ with its bank. A. Offering customer’s credit helps with the firm’s cash flow position. B. prepare financial statements for managers. ______ is money raised from within the firm, from operations or through the sale of ownership in the firm (stock).