Question 1

Correct
Score 1.00 out of 1.00

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Statement of the question

According to the rating agency Standard & Poor's, the company's bonds
The multinational where your sister works is rated as junk bonds.
you advise your sister not to buy bonds from your company because
these types of bonds are... indicate the correct answer.
Select one:
a. They are fixed-income securities whose interest rate is based on a
determined parameter, for example the inflation rate or the interest rate
interbank. As in the situation of the international economic crisis in the
that we find these references have levels that are too high
high, it is not advisable to acquire this type of bonds.
b. They are bonds with poor ratings due to their high risk of default, this
risk causes the issuer to have to pay in order to place them in the market
very high interest rates.
CORRECT. Junk bonds are bonds that rating agencies consider
like the worst bonds in the market due to the high risk of default.

c. They are products whose format could be classified as a hybrid between

stocks and bonds. The fact that they are considered junk bonds means that
when the market interest rate varies, these products depreciate by
alarming form so it is not advisable to acquire them.
d. Junk bonds are debt generally issued by states and not
it incorporates no obligation of refund, nor expiration date, for
the return is not guaranteed and because of this it is not advisable
acquire this type of debt
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The correct answer is: They are bonds with poor ratings due to their high risk.
of default, this risk means that to place them in the market the issuer has to
that pay very high interest.

Question 2
Correct
Score 1.00 out of 1.00

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Statement of the question

Your boss presents you with the data of the target company he would like to acquire.
to continue expanding his business, and asks him to calculate with that data the
return on assets. Indicate the correct option:
Non-current assets: 20,000 euros
Current assets: 8,500 euros
• Capital: 20,000 euros
Reserves 5,000 euros
• BAIT: 4.200
• Gastos financieros:2.400
Long-term liabilities: 2,700 euros
Short-term liabilities: 4,900 euros
Select one:
a. The return on assets (ROA) is calculated by dividing the funds
equity among assets, in our case = 25,000 / 28,500 = 0.877
b. Return on Assets (ROA) is calculated by dividing the liability by the
active, in our case: 7,600 / 28,500 = 0.266
c. The return on assets (ROA) is calculated by dividing EBIT by the
total assets, in our case: 4,200/28,500 = 0.1473
CORRECT. The ROA is calculated by dividing the EBIT by total assets, in this
case 4.200/28.500 = 0.1473, that is 14.73%

d. Return on Assets (ROA) is calculated by dividing capital by

total assets, in our case: 20,000/28,500= 0.701
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The correct answer is: Return on Assets (ROA) is calculated

dividing the BAIT by the total assets, in our case: 4,200/28,500 =
0.1473

Question 3
Correct
Score 1.00 out of 1.00

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Statement of the question

From the payer's perspective and the effect on the float, the best
payment instrument is:
Select one:
the check
CORRECT. The check has the best effect on the float, as the control of the
the issuance has it the payer themselves. It is even better than the transfer, given that the
The collector may take an additional day to take the voucher to the bank. The receipt
domiciled is issued by the collector with which one does not have control over the
issue.

b. The direct debit receipt

c. Any of the other answers. It's indifferent.
d. The transfer
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The correct answer is: The check

Question 4
Correct
Score 1.00 out of 1.00

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Statement of the question

In leasing or financial leasing, the ultimate goal is

Select one:
a. None of the other answers is correct
b. Optimize the company's treasury by paying for equipment in installments
c. Financing the purchase of expensive long-term assets
d. Optimize the company's treasury by paying in installments for equipment and
Financing the purchase of expensive long-term assets
Optimize the company's treasury by paying in installments.
"a team" and "Financing the purchase of costly long-term assets" are correct and
they are among the objectives and benefits that a company pursues when resorting to
With leasing, we seek to finance the long-term purchase of an asset.
generally expensive. In addition, with the execution of the final purchase option
we can acquire the asset by improving the company's treasury by paying for the equipment at
deadlines.
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The correct answer is: Optimize the company's treasury by paying in installments
a team and finance the purchase of expensive long-term assets

Question 5
Correct
Score 1.00 out of 1.00

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Statement of the question

Being the last to be carried out, the treasury budget has a lot
information from many departments, and because of this

Select one:
a. It is based on a lot of real information from many departments and has
high likelihood of being fulfilled.
b. It is based on estimates from many departments and has high
possibilities of being fulfilled.
c. It is based on estimates from many departments and that's why it is difficult.
may it come true.
CORRECT. The treasury budget depends on many assumptions from many
departments, over which the treasurer has little or no control. Therefore, it is difficult
making a good cash flow budget, but it is even more difficult to fulfill it in the end
of the exercise.

It is based on a lot of real information from many departments but not

it never comes true.
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The correct answer is: It is based on estimates from many
departments and that is why it is difficult to fulfill.

Question 6
Correct
Score 1.00 out of 1.00

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Statement of the question

In the news, you hear that 10% of the shareholders of Banco Santander
Central Hispano has preferred shares. Your partner asks you what they are.
The preferred shares? And you respond... Indicate the correct option.
Select one:
They are those that can be exchanged for dividends.
renegotiated when a certain moment arrives.
They are those that grant the shareholder who possesses them the right to receive
dividends before other shareholders
CORRECT. They are actions in which there is normally no right to vote.
holder at the general meetings of shareholders; however, they have the right to
receive a fixed profit share for a specified period of time.
The 'preferred' shareholder receives dividends before the ordinary shareholder. In case
In the liquidation of the company, preferred shareholders receive assets before the...
ordinary shareholders.

c. Preferred or privileged shares are those that are delivered to

shareholder at zero cost.
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The correct answer is: They are those that grant the shareholder who possesses them the
right to collect dividends before other shareholders

Question 7
Correct
Score 1.00 out of 1.00
 Mark question
Statement of the question

The difference between obligation and bond is given by the duration. Both
they constitute a type of debt called a loan
Select one:
a. False
b. True
CORRECT. Both obligations and bonds are loans, and the only difference is
upon their maturity: the bonds are sold in the short and medium term while the obligations
they do it in the long run

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The correct answer is: True

Question 8
Correct
1.00 out of 1.00

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Statement of the question

To improve our cash position we must:

Select one:
a. None of the other answers is correct
b. Negotiate and shorten the collection periods with clients as much as possible
c. Negotiate and extend payment periods with suppliers
And "Negotiate and shorten the collection periods with clients to the maximum" are
correct and complementary.
Shorten the average collection period, extend the average payment period, or act on
both in those senses at the same time will help improve the liquidity situation of the
company.

d. Negotiate and extend payment terms with suppliers

Feedback

The correct answer is: The answers 'Negotiate and extend the periods of
payment with suppliers " and "Negotiate and shorten the collection periods with the
Clients to the maximum are correct and complementary.

Question 9
Correct
Score 1.00 out of 1.00

Mark question
Statement of the question

While I was reading the notes for this subject, I spilled a glass of water over
the notes, leaving two paragraphs on one of the first pages unreadable,
these paragraphs were about the cost of funding sources. Still,
Can you read: “The assets that are used as sources of financing are not
free and its price is determined by the following three elements..."but
These elements cannot be read due to the water. What are these three?
elements?
Select one:
a. Taxes, underlying asset price, exchange rate
b. Exchange rate, cancellation costs, taxes
c. The exchange rate against the dollar, maintenance costs, taxes
d. The interest that is paid, formalization costs, taxes
CORRECT. The three elements that determine the price of the assets used
As a source of financing, they are: the interest that is paid, the formalization costs:
opening fees, notary writing costs... and the taxes
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The correct answer is: The interest paid, formalization costs,

taxes

Question 10
Correct
Score 1.00 out of 1.00
 Mark question
Statement of the question

Indicate the truthfulness of the following statement: 'The control of operations

and the optimal treasury positions optimize our results
financial by maximizing the costs of resources
obtained from abroad and the minimization of income from surpluses
placed in financial markets.
Select one:
a. False
CORRECT. The correct phrase would be as follows: 'The control of the operations and the
optimal treasury positions optimize our financial results through the
minimization of the costs of resources obtained from abroad and the maximization of
the income from surpluses placed in financial markets

b. True
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The correct answer is: False