TEST SELECTIVIDAD 301.- Created by Antonio Ginés

The operation that consists of a bank anticipating tho the holder of a bill its payment before its due date is called:
1. Effect discount
2. Debt cancellation
3. Deferred payment
The maturation period is related to:
1. The fixed asset renewal cycle
2. The operating cycle
3. Financing used in investments
The concept of cash flow from an investment refers to:
1. The difference between income and expenses derived from the investment
2. The difference between collections and payments derived form the investment
3. The difference between profits and losses derived from the investment
The recovery period or pay-back is:
1. The average time to recover an invested unit in the depreciation cycle
2. The average maturation period
3. The period of time to recover the investment or inital outlay
The bonds are:
1. Dividends paid to shareholders
2. Proportional parts of the capital stock
3. Proportional parts or a loan
What is the IRR:
1. It's the discount rate that makes the net present value equal to zero
2. It's the profit generated by an investment and valued at the present time
3. The amount of time it takes to pay back an investment
What is the leasing contract?
1. A source of financing for fixed assets
2. A contract with a bank to get a loan
3. An employment contract
The operating credits are intended to:
1. Finance non-current assets
2. Finance current assets
3. None of the other answers is correct
The amount of the revolving fund or working capital can be calculated as the difference between:
1. Permanent capital and current assets
2. Non-current assets and current liabilities
3. Curren assets and current liabilities
The share issue premium is called:
1. The difference between the issue price and the nominal value
2. The difference between the redemption price and the nominal value
3. The difference between the nominal value and the conversion value
The average period of economic maturity is:
1. Only the average period of manufacture + average period of sale
2. The storage period + manufacturing period + sales period + average customer collection period
3. It's the average period that goods take to be produced, from when the raw materials enter the production process until the finished products leave the warehouse
What is an issuance of bonds?
1. A bank loan
2. A source of external financing divided into aliquots called bonds
3. A loan that the employer makes to the company
The issuance of bonds constitutes a source of financing that can be classified as:
1. Internal resources
2. Own resources
3. Permanent capitals (long-term capitals)
Mark only the answers that you consider correct:
1. Working capital is equal to permanent capital minus non-current assets
2. Working capital is equal to non-current assets minus current assets
3. Working capital is equal to permanent capital minus current assets
By average maturation period we understand:
1. The time that the products are stored in the company
2. The average length of the operating cycle
3. The time it takes to manufacture the products in the company
The preferential right to subscribe for shares is justified:
1. Due to the need to guarantee the personality of the partners by preventing the entry of new partners that may not be well seen by the old ones
2. Due to the loss of value experienced by the shares of a company as the result of capital increase
3. Because it guarantees the company that increases capital a higher income from the sale of the new shares
When current assets are less that curren liabilities, it is said that:
1. A situation of financial stability occurs
2. The working capital is positive
3. The working capital is negative
Depreciations produced by the wear and tear of the company's assets:
1. They are recorded in the assets of the company with a negative sign
2. They have no account effects
3. They don't affect the Profit and Loss account
When a company sells its collection rights on customers to a company or financial intermediary, we are defining:
1. Effect discount
2. Factoring
3. Leasing
The essential characteristics of an investment are:
1. Ease of financing
2. Liquidity and profitability
3. Liquidity, profitability and security
The average maturation period is:
1. The average duration of the operation cycle
2. The average duration of bond issue
3. The average duration of the fixed asset
We call the book value of a share:
1. The assets of an Public Limited Company less the net equity divided by the number of shares
2. The capital of the company plus the reserves constituted divided by the number of shares
3. Non-current assets divided by the number of partners
The factoring is:
1. A rent with option to buy
2. A rental of collection rights
3. The purchase and sale of collection rights
What are the parameters that define an investment?
1. The investment payment, cash flows and the useful life of the investment
2. The flow of the first five years and the update rate
3. The number of fixed assets that are acquired and the number of investments of the entrepreneur
What are commercial effects?
1. The results of the purchase of the raw material
2. Bills of exchange
3. The results of the sale of the products