MGTA05H3 Study Guide - Quiz Guide: Toronto Stock Exchange, Initial Public Offering, Revolving Credit
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MGTA05H3 Full Course Notes
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The government of spain has been running budget deficits for the past decade. In an attempt to reduce its overall level of accumulated debt, the spanish government has recently begun to reducing its spending, while increasing taxes. Spain"s gdp is falling and international lenders are increasingly reluctant to lend more money to the country. Spanish bonds cannot be sold, so they will not be issued. Spanish bonds will have to be issued in euros rather than pesos. Spanish bonds will carry higher interest rates than english bonds. International widgets ltd. is a publicly traded corporation, whose shares are bought and sold on the toronto stock exchange. In mid-june, fahdi notes that the corporation"s accounts payable for july will be ,000. International widgets has ,000 in the bank, and the accounts receivable due in july are ,000. To deal with next month"s finances, the most appropriate thing for international.
