12.A firm needs to raise cash and at the same time reduce the level of its accounts receivable. This firm would likely benefit most by _______________________.

A.obtaining an unsecured short-term loan.

B.applying for a committed line of credit.

C.assigning its receivables on a short-term loan.

D.factoring its receivables.

E.securing any short-term credit with a blanket inventory lien.

13.Mycale's has always paid its suppliers in 30 days. The company just hired a new financial officer who is changing the policy such that suppliers will now be paid in 45 days. This change will ______ the accounts payable period and _______ the cash cycle.

A.Increase; not affect

B.Increase; increase

C.Increase; decrease

D.Decrease; increase

E.Decrease; decrease