Answer Happy

1. Assets that are commonly leased by entities include:
A. motor vehicles, plant and equipment.
B. inventory and motor vehicles.
C. office equipment and supplies.
D. motor vehicles and supplies.
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2. Which of the following
is not a cost of granting
credit to customers?
A. The opportunity cost of funds being tied up.
B. Administration costs for managing receivables.
C. Attracting new customers.
D. The cost of carrying slow payers and bad debts.
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3. Temporary assets should be financed with:
A. temporary sources of funding only.
B. spontaneous sources of funding only.
C. spontaneous and permanent sources of funding.
D. temporary, permanent or spontaneous sources of funding.