A.

Which one of the following applies to a restrictive financial policy?

high shortage costs relative to carrying costs

a high level of short-term debt relative to long-term debt

frequent investments in marketable securities

surplus cash

B.

Dead Water Fisheries has a 60 days accounts receivable period. The firms quarterly sales are projected to be $25,500, $36,000, $56,000, and $45,500 over the next 4 quarters, respectively. What are the projected collections for quarter 3? (rounded)

C.

Lesters Meat Market has projected quarterly sales of $33,000, $35,600, $39,400, and $38,000 for the next four quarters, respectively. Costs of goods sold equal 62 percent of the following quarters sales. The accounts payable period is 45 days. Cash expenditures are projected at $18,000 per quarter. Given these projections, what are the expected cash disbursements for quarter 2