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QUESTION 1
[{"left":"QUESTION 1 Indicate the effect of the following on the cash cycle: Accounts payable period goes up\n\n
","right":"http://assignment.store/question-1-indicate-the-effect-of-the-following-on-the-cash-cycle-accounts-payable-period-goes-up/\n\nQUESTION 1\n\nIndicate the effect of the following on the cash cycle: Accounts payable period goes up\n\nDecrease\n\nNo change\n\nIncrease\n\nQUESTION 2\n\nIndicate the effect of the following on the operating cycle: Accounts payable goes up\n\nDecrease\n\nIncrease\n\nNo change\n\nQUESTION 3\n\nIndicate the effect of the following on the cash cycle: Customers take longer to make the payment\n\nIncrease\n\nNo change\n\nDecrease\n\nQUESTION 4\n\nMonth\n\nSales $\n\nMonth\n\nSales $\n\nJan\n\n42,818\n\nJuly\n\n32,470\n\nFeb\n\n12,167\n\nAug\n\n24,601\n\nMar\n\n24,601\n\nSep\n\n42,818\n\nApr\n\n32,470\n\nOct\n\n24,601\n\nMay\n\n42,818\n\nNov\n\n12,167\n\nJune\n\n12,167\n\nDec\n\n32,470\n\nSales are collected as follows:\n\nIn the month of Sales: 23%\n\nIn the next month: 33%\n\nAfter 2 months: 12%\n\nAfter 3 months: remainder is collected\n\nCalculate the cash collection for December.\n\nQUESTION 5\n\nABC Company has a cash cycle of 11.75 days, an operating cycle of 21.08 days, and an average collection period of 7 days. The company reported cost of goods sold of $235,287. What is the company's average balance in Accounts Payable?\n\nQUESTION 6\n\nOnJuly 15th, you purchased $10,000 worth of goods. The terms of the sale were 3/8, net 31. What is the effective annual rate of interest for the credit period for this sale?\n\nEnter your answer in percentages rounded off to two decimal points.\n\nQUESTION 7"},{"left":"","right":""},{"left":"","right":""},{"left":"","right":""}]
QUESTION 1 Indicate the effect of the following on the cash cycle: Accounts payable period goes up
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Dorian Huntt
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