1.Indicate the effect of the following on the operating cycle: Customers take longer to make the payment

2.Indicate the effect of the following on the operating cycle: Accounts payable goes up

3.Indicate the effect of the following on the cash cycle: Accounts payable period goes up

4.OnJuly 15^th, you purchased $10,000 worth of goods. The terms of the sale were 3/9, net 41. What is the effective annual rate of interest for the credit period for this sale?

Enter your answer in percentages rounded off to two decimal points.

5.As of this morning, your firm had a ledger balance of $3,734 with no outstanding deposits or checks. Today, your firm deposited 9 checks in the amount of $425 each and wrote a check in the amount of $652. What is the amount of the collection float as of the end of the day?

6.ABC Company has an average collection period of 28 days and factors all of its receivables immediately at a 1.3 percent discount. Assume all accounts are collected in full. What is the firm's effective cost of borrowing?

7.

Month	Sales $	Month	Sales $
Jan	43,856	July	27,570
Feb	11,664	Aug	22,907
Mar	22,907	Sep	43,856
Apr	27,570	Oct	22,907
May	43,856	Nov	11,664
June	11,664	Dec	27,570

Sales are collected as follows:

In the month of Sales: 39% In the next month: 26% After 2 months: 7% After 3 months: remainder is collected

Calculate the cash collection for November.

Enter your answer rounded off to two decimal points.

DUE 2/14