F & A Company opened two sales outlets in Cagayan de Oro City. Payments by dealers average P 230,000 per month in checks sent to the head office by mail. The checks were received by F&A Company on the third day after they were written. The company deposited the checks at the bank near the head office two days later. It takes three days to have check cleared in the banking system. How long is the cash float? Select the correct response: O 8 days O 3 days 10 days 5 days 9 daysThe records of Quarantine Company shows the following data: Net prots after taxes 231 Decrease in Inventories 11 Depreciation 239 Increase in Accounts Rec. 138 Decrease in Notes Payable 20 Increase in accruals 45 Which is not used in computing for the cash provided by operating activities? Select the correct response: Decrease in notes payable Depreciation Net prot after taxes Increase in accruals PPP Corporation regularly uses commercial paper in order to nance its current operations. The firm plans to sell P75 million in commercial paper, on which it expects to pay discounted interest at a rate of ?.5% (P5625000) per annum. In addition, PPP will incur a cost of P?5,000 in fees related to the issuance of the commercial paper. 1What is the effective cost of credit to PPP? (2pts) Select the correct response: . 8.75% 747% 725% ' 8.23% JJJ Corp. has estimated sales of P12 million next year. All sales will be on a credit basis. The present average collection period is 45 days. JJJ is considering a change in selling terms from net 30 days to 2H 0. net 30 in order to speed up the collection of its receivables. Studies indicate that one half of the firm's customers will take the discount. If JJJ offers this discount, how much will it cost next year? Assume a 365 day year. (Zpts) Select the correct response; P87,000 Tl 12.000 Pl 20,000 398000 3103.000