Homework Answers
Short term financing is that which matures in one year or less than that. Where as Lon-term financing is that which takes more than a year to mature. If such Financing is provided against collateral security is known as secured Financing. At the event of failure, one can liquidate the security and pay the balance part.
So, Financing which matures in one year or less and has specific assets pledged as collateral is called Secured Short-Term Financing.
Option '3' is correct
Secured Short-Term Financing
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Financing that matures in one year or less and has specific assets pledged as collateral is...
Question 1 ____ bonds are backed by specific assets of the company, which are pledged as...
Question 1 ____ bonds are backed by specific assets of the company, which are pledged as collateral. Debenture Conventional Holding Secured Convertible Question 2 Seattle Music, Inc., recently offered bonds for sale to the public. The unsecured corporate bond paid interest of 9% to investors for the twenty-year life of the bonds. Seattle Music is obligated to: Represent each bondholder as an owner in the company. Pay interest semi-annually. Pay stockholders their...
b. Bonds that have specific assets of the issuer pledged as collateral. Secured bonds C Events...
b. Bonds that have specific assets of the issuer pledged as collateral. Secured bonds C Events with uncertain outcomes that may represent potential liabilities. d. Bonds that can be converted into common stock at the bondholder's option Unsecured bonds e. A legal document that indicates the name of the issuer, the face value of the bonds, and other data such as the contractual interest rate and the maturity date of the bonds. [ Bonds that the issuing company can redeem...
CAN YOU PLEASE HELP ME TO ANSWER? Which of the following definitions describes a term bond?...
CAN YOU PLEASE HELP ME TO ANSWER?
Which of the following definitions describes a term bond? Multiple Choice Matures on a single date. 0 0 Secured only by the "full faith and credit" of the issuing corporation. 0 Matures in installments. o Supported by specific assets pledged as collateral by the issuer. Sup Which of the following definitions describes a serial bond? Multiple Choice Matures on a single date. Secured only by the "full faith and credit" of the issuing...
QUESTION 14 Accounts receivable financing is the term used to describe which of the following types...
QUESTION 14 Accounts receivable financing is the term used to describe which of the following types of loans which involve either the assignment or the factoring of a firm's accounts receivables? Secured short-term loan Unsecured short-term loan Secured long-term loan Unsecured long-term loan Trust receipt loan 2 points QUESTION 15 By definition, an inventory loan is which one of the following types of loan? Secured short-term loan Unsecured short-term loan Secured long-term loan Unsecured long-term loan Trust receipt loan
Bonds which are not collateralized by specific assets in the event the borrowing company defaults on...
Bonds which are not collateralized by specific assets in the event the borrowing company defaults on bond payments are called: Select one: a serial bonds b. secured bonds. c callable bonds. d. convertible bonds e unsecured bonds
The following balance sheet has been prepared by the accountant for Limestone Company as of June...
The following balance sheet has been prepared by the accountant for Limestone Company as of June 3, 2017, the date on which the company is to file a voluntary petition of bankruptcy: $ LIMESTONE COMPANY Balance Sheet June 3, 2017 Assets Cash Accounts receivable (net) Inventory Land Buildings (net) Equipment (net) Total assets Liabilities and Equities Accounts payable Notes payable-current (secured by equipment) Notes payable-long term (secured by land and buildings) Common stock Retained earnings Total liabilities and equities 4,000...
1 QUESTION 2 Term bonds are O bonds that have a single maturity date. bonds secured by specific assets of the issui...
1 QUESTION 2 Term bonds are O bonds that have a single maturity date. bonds secured by specific assets of the issuing corporation. issued only by the federal government. issued on the general credit of the corporation and do not pledge certain assets as collateral.
The following balance sheet has been prepared by the accountant for Limestone Company as of June...
The following balance sheet has been prepared by the accountant
for Limestone Company as of June 3, 2020, the date on which the
company is to file a voluntary petition of bankruptcy:
LIMESTONE COMPANY
Balance Sheet
June 3, 2020
Assets
Cash
$
12,000
Accounts receivable (net)
74,000
Inventory
106,000
Land
109,000
Buildings (net)
309,000
Equipment (net)
198,000
Total assets
$
808,000
Liabilities and Equities
Accounts payable
$
116,000
Notes payable—current (secured by equipment)
268,000
Notes payable—long-term (secured by land and...
Guardian Inc us trying to develop an asset-financing plan. The firm has $400,000 tenporary current assets...
Guardian Inc us trying to develop an asset-financing plan. The firm has $400,000 tenporary current assets and 300,000 in permanent current assets. Guardian also has $500,000 in fixed assets. Assume a tax rate od 40 percent. a. Constrct two alternative financing plans for Guardian. One of the plans should be conservative, with 75 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed financed bt lond-term sources. The current interest...
Long-term debt refers to those liabilities that: A. have a maturity of more than one year...
Long-term debt refers to those liabilities that: A. have a maturity of more than one year remaining. B. are not callable at the option of the firm. C. are secured by specific collateral. D. have established a sinking fund for repayment.
b. Bonds that have specific assets of the issuer pledged as collateral. Secured bonds C Events with uncertain outcomes that may represent potential liabilities. d. Bonds that can be converted into common stock at the bondholder's option Unsecured bonds e. A legal document that indicates the name of the issuer, the face value of the bonds, and other data such as the contractual interest rate and the maturity date of the bonds. [ Bonds that the issuing company can redeem...
CAN YOU PLEASE HELP ME TO ANSWER?
Which of the following definitions describes a term bond? Multiple Choice Matures on a single date. 0 0 Secured only by the "full faith and credit" of the issuing corporation. 0 Matures in installments. o Supported by specific assets pledged as collateral by the issuer. Sup Which of the following definitions describes a serial bond? Multiple Choice Matures on a single date. Secured only by the "full faith and credit" of the issuing...
Bonds which are not collateralized by specific assets in the event the borrowing company defaults on bond payments are called: Select one: a serial bonds b. secured bonds. c callable bonds. d. convertible bonds e unsecured bonds
The following balance sheet has been prepared by the accountant for Limestone Company as of June 3, 2017, the date on which the company is to file a voluntary petition of bankruptcy: $ LIMESTONE COMPANY Balance Sheet June 3, 2017 Assets Cash Accounts receivable (net) Inventory Land Buildings (net) Equipment (net) Total assets Liabilities and Equities Accounts payable Notes payable-current (secured by equipment) Notes payable-long term (secured by land and buildings) Common stock Retained earnings Total liabilities and equities 4,000...
1 QUESTION 2 Term bonds are O bonds that have a single maturity date. bonds secured by specific assets of the issuing corporation. issued only by the federal government. issued on the general credit of the corporation and do not pledge certain assets as collateral.
The following balance sheet has been prepared by the accountant
for Limestone Company as of June 3, 2020, the date on which the
company is to file a voluntary petition of bankruptcy:
LIMESTONE COMPANY
Balance Sheet
June 3, 2020
Assets
Cash
$
12,000
Accounts receivable (net)
74,000
Inventory
106,000
Land
109,000
Buildings (net)
309,000
Equipment (net)
198,000
Total assets
$
808,000
Liabilities and Equities
Accounts payable
$
116,000
Notes payable—current (secured by equipment)
268,000
Notes payable—long-term (secured by land and...
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