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hyron · 2024年08月29日

A选项

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?

1 个答案

王园圆_品职助教 · 2024年08月30日

同学你好,A选项不是说向供应商提供折扣,而是放弃forgoing 供应商给的折扣

也就是公司放弃了供应商提供的“如果立刻付款就可以享受一定付款金额折扣的权力”,从而获得了更长的拖欠货款的时间期限。也就是应款账款的账期延长了,最后就会使公司的现金更晚的支付出去,流动性就会提高了哦