12. How much was Cash Used in February?

a.4260 b. 4720 c. 5440 d. 6200

13. How much was Cash Received in April?

a.4800 b. 5200 c. 5800 d. 6200

14. What is the Accounts Receivable balance in January?

a.5400 b. 5800 c. 6200 d. 6600

15. What is the Nominal cost of trade credit if the terms are 2/15, net 50 assuming that you forego the discount and pay on the 50^th day?

a.13.4% b. 15.8% c. 18.6% d. 21.3%

8. Suppose that Sales for the entire year were $200,000 and Cost of Goods Sold 60% of Sales. The Inventory Balance is $10,000, the Accounts Payable Balance is $5,000, and the Cash Conversion Cycle is 40 days. What is the Inventory Conversion Period?

a.18 b. 24 c. 30 d. 36

Dec Jarn 5600 6000 rc 7600 March April 6000 4000 5800 Feb May 0000 6000 5000 6000 7000 0000 5600 4000 6000y 5200 5800 6800 Sales Cost of Goods Sold Cash Received Purchases Cash Used Cash Generated by operations 000 5600 4800 4000 48005600 4480 5120 84880 832 920 70405280 5808 1792 832 4880 Cash Accounts Receivable Inventory Accounts Payable 700 2480 5200 5104 4760 792 4272 5104 6024 2792 200 2480 184 A272 002800 520050005200 2480 2160 24802800 232 3992 3944 4184 2800 42322160 5006024