A short-term financial decision based on an MNC management's expectation that the local foreign currency will appreciate may be A) increasing local customers' accounts receivable and increasing local notes payable. B) decreasing local notes receivable and decreasing accruals. C) increasing local inventories and increasing local notes payable. D) increasing local accounts receivable and decreasing local accounts payable.

A short-term financial decision based on an MNC management's expectation that the local foreign currency will appreciate may be A) increasing local customers' accounts receivable and increasing local notes payable. B) decreasing local notes receivable and decreasing accruals. C) increasing local inventories and increasing local notes payable. D) increasing local accounts receivable and decreasing local accounts payable.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 23QTD

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