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Question 8 A business would attempt to negotiate extended credit period from its suppliers if 1. II. III. it experiences cash flow problems it wishes to negotiate better trade discounts it wishes to extend credit period allowed to its customers it wishes to earn more cash discounts IV. A. II, III & IV B. 1 & III C. II & IV D. All the above Question 9 Financial statement analysis A. Is the application of analytical tools to general-purpose financial statements and related data for making business decisions B. Involves transforming accounting data into useful information for decision-making C. Helps users to make better decisions D. All of above Question 10 Jackson commenced business with $10,000 that he had received as a gift from his aunt and $8,000 that he had received as a loan from his father. He used some of this money to purchase a machine for $15,000. He obtained a mortgage for $20,000 to purchase a workshop. How much was Jackson's capital? A. $3 000 B. $10 000 C. $18 000 D. $38 000