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28.If The Deli delays paying its suppliers by an additional ten days, then: A. its payables turnover rate will increase.B. it should require less bank financing of its daily operations.C. its cash cycle will increase by ten days.D. its operating cycle will increase by ten days.E. its stock-out costs will rise.
29.Given a fixed level of sales and a constant profit margin, an increase in the accounts payable period can result from: an increase in the cost of goods sold account value.an increase in the ending accounts payable balance.an increase in the cash cycle.a decrease in the operating cycle.a decrease in the average accounts payable balance.30.The accounts receivable policy is generally set by the: 31.The manager responsible for applying payments to customer’s accounts is the: 32.Flexible short-term financial policies tend to: A. maintain low accounts receivable balances.B. support few investments in marketable securities.C. minimize the investment in inventory.D. maintain large cash balances.E. tightly restrict credit sales. 33.A restrictive short-term financial policy tends to: 34.A firm that adopts a flexible short-term financial policy is more apt to have: