Unit 9(b)

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Across
  1. 2. The ________ policy of the firm affects the working capital by influencing the level of debtors
  2. 4. The _____________ cycle comprises the purchase and use of raw materials and the production of finished goods
  3. 7. Current ________ are those claims of outsiders which are expected to mature for payment within an accounting year
  4. 9. If the firm’s level of current assets is very high, it has excessive ________
Down
  1. 1. The working capital needs of a firm are related to its ________
  2. 2. The financing policy of the firm is said to be __________ when it depends more on long-term funds for financing needs
  3. 3. An ________ policy is said to be followed by the firm when it uses more short-term financing than warranted by the matching plan
  4. 5. Spontaneous financing refers to the _________ sources of short-term funds arising in the normal course of a business
  5. 6. A liquid firm has less risk of ________
  6. 8. The curve, relating to the maturity of debt and interest rates, is called the _______ curve