31 ) Cost savings from Just-In-Time (JIT) inventory management include(s)

A) reduced overhead expenses.

B) lower inventory financing costs.

C) greater productivity.

D) All of the options are true.

32 ) All of the following are methods of controlling receivables except

A) offering a cash discount.

B) reducing net terms.

C) using DBIS.

D) reducing cash sales.

Chapter 8

33 ) The cost of not taking the discount on trade credit of 2/10, net 30 is approximately ________.

A) 44.54%

B) 43.20%

C) 36.73%

D) None of these options are true