AT they are c orrow financial data is that they can be compare two ms, especially acting actions would make it wants to strengthen the company's financial poon. Which of the following and stronger increase accounts receivable while holding sales constant Increase EBIT while holding sales and a constart increase accounts payable while holding sales constant d increase notes payable while holding sales constant increase inventories while holding sales constant Under the concept of time value of money, assuming there is a positive interest rate, present value will always be than future value a Higher bLower & 9. An ordinary annuity has the following characters a. All the cash flows are equal b. The cash flows occur at regular, equally spaced vervals c. The cash flows are paid treceived at the beginning of the period d. Its present value is equal to the sum of the present values of all the cash flows e. None of the above 10. You plan to analyze the value of a potential investment by calculating the sum of the present values of its expected cash flows. Which of the following would lower the calculated present value of an annuity? a. The discount rate decreases b. The discount rate increases c. You learn that the annuity lasts for only 5 rather than 10 years, hence that each payment is for a higher amount d. The total amount of cash flows remains the same, but more of the cash flows are received in the earlier years and less are received in the later years Part 2: Short Answer Questions - (35%) Answer TWO of the following three questions in the space allotted. Be specific, but concise. Partial credit will the diven 1. Financial Management: a. What is the role of the financial manager of a business and how does or she accomplish this? b. How can a financial manager use the time value of money (TVM) concept to accomplish this goal