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1、CHAPTER9—CORPORATEVALUATIONANDFINANCIALPLANNING1. Asafirm'ssalesgrow,itscurrentassetsalsotendtoincrease.Forinstance,assalesincrease,thefirm'sinventoriesgenerallyincrease,andpurchasesofinventoriesresultinmoreaccountspayable.Thus,spontaneousliabilitiesthatreduceAFNarisefromtransactio
2、nsbroughtonbysalesincreases. a. True b. FalseANSWER: TruePOINTS: 1DIFFICULTY: Difficulty:EasyLEARNING OBJECTIVES: INTE.GENE.16.62-LO:9-6NATIONAL STANDARDS: UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS: UnitedStates-AK-DISC:Financialstatements,anal-DISC:Financialstat
3、ements,analysis,forecasting,andcashflowsLOCAL STANDARDS: UnitedStates-OH-DefaultCity-TBATOPICS: SpontaneousliabilitiesKEYWORDS: Bloom’s:Knowledge2. Firmspayalowinterestrateonspontaneousliabilitiessothesefundsareitscheapestsourceofcapital.Consequently,thefirmshouldmakearrangement
4、swithitssupplierstouseasmuchofthiscreditaspossible. a. True b. FalseANSWER: FalsePOINTS: 1DIFFICULTY: Difficulty:EasyLEARNING OBJECTIVES: INTE.GENE.16.62-LO:9-6NATIONAL STANDARDS: UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS: UnitedStates-AK-DISC:Financialstatements
5、,anal-DISC:Financialstatements,analysis,forecasting,andcashflowsLOCAL STANDARDS: UnitedStates-OH-DefaultCity-TBATOPICS: SpontaneousliabilitiesKEYWORDS: Bloom’s:Knowledge3. Afirmwillusespontaneousfundstotheextentpossible;however,duetocreditterms,contractswithworkers,andtaxlawsthe
6、reislittleflexibilityintheirusage. a. True b. FalseANSWER: TruePOINTS: 1DIFFICULTY: Difficulty:EasyLEARNING OBJECTIVES: INTE.GENE.16.62-LO:9-6NATIONAL STANDARDS: UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS: UnitedStates-AK-DISC:Financialstatements,anal-DISC:Financi
7、alstatements,analysis,forecasting,andcashflowsLOCAL STANDARDS: UnitedStates-OH-DefaultCity-TBATOPICS: SpontaneousliabilitiesKEYWORDS: Bloom’s:KnowledgeCengageLearningTesting,PoweredbyCogneroPage 22CHAPTER9—CORPORATEVALUATIONANDFINANCIALPLANNING4. Aslongasafirmdoesnotpayout100%of
8、itsearnings,thefirm'sannua
