NO.PZ2023090505000007
问题如下:
Which of the following actions will most likely increase an issuer’s liquidity?
选项:
A.
Forgoing a supplier’s discount for prompt payments
B.
Relaxing terms for customers by lengthening the payment period
C.
Purchasing short-term marketable securities with cash on hand
解释:
A is correct. Forgoing the discount is using the supplier’s financing and will result in the issuer stretching out payments on accounts payable, putting less drain on liquidity in the short run. This action increases the issuer’s cash conversion cycle.
B is incorrect, because by relaxing credit terms, customers will take longer to pay, so this action increases the cash conversion cycle.
C is incorrect, because marketable securities are generally less liquid than cash, so this action would reduce liquidity. Even if the marketable securities are as liquid as cash (e.g., short-term Treasuries), this action would not materially affect liquidity.
a选项向供应商提供discount最终是receivable变成cash,对liquid assets只是结构变化,甚至总量会减少,对liquidity的影响是降低吧?