问题详情

Whenpreparingproformaincomestatements,whichoneofthefollowingitemsisleastlikelytobesalesdriven？
A.Currentassets.
B.Interestexpense.
C.Administrativeexpenses.
Ans:B.
Interestexpenseisconsideredafixedburdenandafunctionofafirm’scapitalstructure,notsales.
Aisincorrect.Currentassetsarenormallyasalesdrivenaccount.
Cisincorrect.Administrativeexpenses,althoughtheymaycontainfixedcosts,areprimarilysalesdriven.
14.Whichofthefollowingpairsofgeneralcategoriesareleastlikelytobeconsideredintheformulasusedbycreditratingagenciestodeterminethecapacityofaborrowertorepayadebt？
A.Operationalefficiency;leverage.
B.Marginstability,availabilityofcollateral.
C.Leverage;scaleanddiversification.