"Corporate Finance":collateralized loans

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Questions 1:

Which is most likely considered a “pull” on liquidity?

A、 Increased difficulty in collecting receivables

B、 Obsolete inventory

C、 Reduction in a line of credit

Questions 2:

Which of the following sources of short-term financing is most likely used by smaller companies?

A 、Commercial paper

B 、Collateralized loans

C 、Uncommitted lines

View answer resolution

【Answer to question 1】C

【analysis】

C is correct. A “pull” on liquidity occurs when disbursements are made too quickly (e.g., current liabilities are paid instead of being held or when credit availability is reduced or limited). A “drag” on liquidity occurs when receipts lag (i.e., non-cash current assets do not convert to cash quickly). Consequently, a reduction in a credit line is a “pull” on liquidity.

B is incorrect because it is a “drag” on liquidity.

A is incorrect because it is a “drag” on liquidity. It is a result of increased assets.

【Answer to question 2】B

【analysis】

B is correct. Smaller companies use collateralized loans, factoring, or loans from nonbank companies as their sources of short-term financing. Larger companies can take advantage of commercial paper, banker’s acceptances, uncommitted lines, and revolving credit agreements.

A is incorrect. Smaller companies use collateralized loans, factoring, or loans from non-bank companies as their sources of short-term financing. Larger companies can take advantage of commercial paper, banker’s acceptances, uncommitted lines, and revolving credit agreements.

C is incorrect. Smaller companies use collateralized loans, factoring, or loans from non-bank companies as their sources of short-term financing. Larger companies can take advantage of commercial paper, banker’s acceptances, uncommitted lines, and revolving credit agreements.

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