8. Which of the following is not an estimate made by the firm? Your answer: ( ) ) a. Bad debt expense b. Allowances d. Net A/R 9. Calculate "Days Receivable" when the company has Net Accounts Receivable balance of $800, Allowances of $200, and sales of $10,000 10. What does the above figure (Answer to Q9 ) mean for businesses in less than 15 words (provide word count)? 11. Calculate "Days Inventory" when the company has Inventory balance of $100, COGS expense of $1,000, and sales of $10,000? 12. What does the above figure (Answer to Q11) mean for businesses in less than 15 words (provide word count)? 13. Which of the following is NOT an example of a long-lived asset? Your answer: ( ) a. Property, plant and equipment b. Trademarks, patents and brand names c. Accounts receivable and inventory d. Investments in securities