arked out of 1.00 p Flag question [Question text] The Swank Furniture Company is trying to determine the optimal order quantity for rocking chairs. Annual sales are 1,200 units, and the retail price is RM40 per unit. The carrying cost is 20 % of its price. It costs RM20 to prepare and receive an order. The company currently order 100 units per order with a total inventory cost of RM660. The calculated economic order quantity (EOQ) equals 77 units. Should the company continue to order 100 units every time it places an order or change the quantity to the calculated EOQ? Select one: OA. Use the calculated EOQ as the company will pay only RM40. o B. Continue to order 100 units as there will be no differences in total cost. OC. Use the calculated EOQ as the total cost will be reduced by RM40. OD. Continue to order 100 units and enjoy an RM40 cash discount. Question 37 Not yet answered Marked out of 1.00 p Flag question [Question text] The length of time between the purchase of inventory and the receipt of cash from the sale of that inventory is called Select one: : O A. inventory period B. accounts payable period C. accounts receivable period O D. operating cycle Question 38 Not yet answered Marked out of 1.00 p Flag question [Question text] Which one of the following situations will decrease the cash cycle as all else held constant? Select one: A. Increasing the inventory period B. Increasing the accounts receivable turnover rate C. Decreasing the inventory turnover rate D. Decreasing the accounts payable period Question 39 Not yet answered Marked out of 1.00 p Flag question [Question text] Which one of the following statements is CORRECT concerning a company's cash balance? Select one: A. Most firms attempt to maintain a zero cash balance at all times. B. A cumulative cash deficit indicates a borrowing need. C. The cumulative cash surplus shown on a cash budget is equal to the ending cash balance plus the minimum desired cash balance. D. The ending cash balance must equal the minimum desired cash balance. Question 40 Not yet answered Marked out of 1.00 p Flag question [Question text] If D-Mart Bhd recently replaced its management team which use a flexible financing policy. Due to this policy changes, the company should Select one: A. use short-term financing in the seasonal peaks B. finance all company's assets with long- term debt O C. buy their inventory with cash D. finance only long-term assets with long- term debt