8.Compute the Accounts Payable (A/P) period based on the following information:

Average A/P balance = $63,027 Annual Cost of Goods Sold = $439,770 Assume 365 days

9.The terms of the sale were 4/17, net 61. What is the effective annual rate of interest?

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

11.ABC Company has a cash cycle of 10.43 days, an operating cycle of 21.48 days, and an average collection period of 6 days. The company reported cost of goods sold of $293,104. What is the company's average balance in Accounts Payable?

Enter your answer rounded off to two decimal points.

12.Compute the cash cycle based on the following information:

Average Collection Period = 68 Accounts Payable Period = 38 Average Age of Inventory = 64

13.Identify which of the following will increase the operating cycle. Choose only one.

14.

Month	Sales $	Month	Sales $
Jan	16,319	July	46,147
Feb	25,501	Aug	17,598
Mar	17,598	Sep	16,319
Apr	46,147	Oct	17,598
May	16,319	Nov	25,501
June	25,501	Dec	46,147

Sales are collected as follows:

In the month of Sales: 31% In the next month: 28% After 2 months: 12% After 3 months: remainder is collected

Calculate the cash collection for December.

Enter your answer rounded off to two decimal points.