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hyron · 2024年08月29日

option 1

NO.PZ2023090505000020

问题如下:

The Lucor Corporation is seeking to raise liquidity and is evaluating two potential actions.

  • Option 1 Selling accounts receivable to a financial intermediary at a 5% discount off their carrying value
  • Option 2 Accelerating payments to suppliers to receive a 5% discount
Which of the options would achieve Lucor’s objective?

选项:

A.

Option 1

B.

Option 2

C.

Neither, because they both incur liquidation costs

解释:

A is correct. Option 1 would increase liquidity by converting a less liquid asset (accounts receivable) into cash immediately, albeit at a cost.

B is incorrect, because Option 2 would decrease liquidity by accelerating cash outflows.

C is incorrect, because Option 2 would decrease liquidity by accelerating cash outflows and would not incur liquidation costs.

option 1中通过折扣把receivable转化成cash,liquid assets总量减少,liquid liability不变的情况下,liquidity下降才对吧?

1 个答案

王园圆_品职助教 · 2024年08月30日

同学你好,所谓的liquidity,不是指短期资产,而是可以理解成特指的公司的现金充足程度,是不涉及应收账款和其他短期资产的。因为只有现金的流动性是最好的,所以用应收账款(流动性更差)换流动性更好的现金,对公司来说就是流动性增加了

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