Which of the following is true of long-term funds? A) They ...

[jc611]

Which of the following is true of long-term funds?
 
  A) They provide an easy way to reduce financing costs because they are relatively cheaper than short-term funds.
  B) They are a type of investment fund which invests in money market investments of high quality and low risk.
  C) They are the sources that supply the financing necessary to support a firm's capital budgeting activities.
  D) They are the funds available to a business on the basis of inventory held and require detailed inventory tracking.

Question 2

Average age of inventory is viewed as the average length of time inventory is held by a firm or as the average number of days' sales in inventory.
 
  Indicate whether the statement is true or false

[whitcassie]

Answer to Question 1

C

Answer to Question 2

TRUE

[jc611]

Thanks for the timely response, appreciate it

[lindahyatt42]

Great answer, keep it coming