________ Are a Form of Long-Term Debt That Is Secured

question 16

Multiple Choice

________ are a form of long-term debt that is secured by the pledge of specific property.

• A)Convertible bonds
• B)Mortgage bonds
• C)Callable bonds
• D)Sinking fund bonds
• E)Debentures

---

Definitions:

Net Days

This term signifies the number of days within which a payment is due after an invoice has been received.

Cash Conversion Cycle

A metric that expresses the time (days) it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Accounts Receivable

Money owed to a company by its clients or customers for goods or services that have been delivered but not yet paid for.

Inventory

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.