Hello, can someone please help to assist me with the following problems.I answered a few, but I was trying to cross reference some of what I know with the existing problems. Your assistant would be greatly appreciated. Thank you very much for your time, and enjoy the day.

Chapter 18 (Short-Term Financial Planning; Chapter 19 (Cash and Liquidity Management)

1.Which one of the following represents a use of cash? Decrease in inventory Sale of preferred stock Decrease in accounts receivable Decrease in accounts payable

2.The operating cycle is based on the: Cash cycle plus Accounts Receivable period Inventory period plus Accounts Receivable period Accounts Payable period minus Cash cycle Accounts Payable period minus Accounts Receivable period

3.If your company decides it needs to pay its suppliers 7 days sooner than it normally does, then: its payable turnover rate will decrease. its accounts receivable period will increase. it may require additional funds from other sources to fund the cash cycle. its cash cycle will decrease.

4.Which of the following is indicative of a short-term restrictive financial policy? Purchasing inventory only as needed Granting credit to more customers Increased investment in marketable securities Maintaining a large accounts receivable balance

5.Stevic Industries is a seasonal firm specializing in pool furniture. Stevic purchases inventory one month before it is sold and pays for its purchases 60 days after the invoice date. Sales are highest during July and August. For purposes of preparing the firm's cash budget, which of the following is correct? Inventory purchases will be highest during the months of July and August. Inventory purchases will be highest during the months of May and June. Payments to suppliers will be highest during the months of July and August. Payments to suppliers will be highest during the months of August and September.

6.A zero-balance account (ZBA): is used to cover the compensating balance requirement of a line of credit agreement. is funded on an as-needed basis only. is only used to deposit funds received at local lockboxes. requires a compensating balance.

7. Money market securities have which of the following characteristics? I. long maturities III. high degree of liquidity II. low default risk IV. low rates of return

I and III only II and III only II, III, and IV only I, II, III, and IV

8. A lockbox system: entails the use of a bank which is centrally located to collect payments on a nationwide basis. is designed to deposit a customer's check into the firm's bank account prior to recording the receipt of that check to a customer's account. is used to reduce the disbursement float of a firm. automatically records payments to a customer's account when the customer's check is received at the lockbox location.

9. Erie County Savings & Loan has branch operations in three states. Each branch deals with a local bank. However, all excess funds in these branch bank accounts are transferred on a daily basis to the firm's primary bank located near the firm's home office. This routine of transferring cash to the primary bank on a regular basis is referred to as: cash concentration. strategic cash disbursement. transfer flotation. float management. 10. Which of the following will reduce collection time? I. billing customers by mail rather than electronically II. accepting debit cards but not checks as payment for a sale III. offering cash discounts for early payment IV. reducing the processing delay by one day

I and II only II and III only I, II, and III only II, III, and IV only

YOU MUST SHOW ALL CALCULATIONS TO EARN CREDIT (insert rows where needed):

11. Hootman Shipping has sales of $950,000 and cost of goods sold of $580,200. At the beginning of the year, the inventory was $65,200. At the end of the year, the inventory balance was $71,800. What is the inventory turnover rate? (Assume a 365-day year)

12. TCI Air Freight has sales of $624,500, costs of goods sold of $375,000, average accounts receivable of $59,900, and average accounts payable of $21,600. How long does it take for the firm's credit customers to pay for their purchases? (Assume a 365-day year)

13. Hudson Enterprises has sales of $1,040,000, average accounts receivable of $71,400 and average accounts payable of $35,920. The cost of goods sold is equivalent to 66% of sales. How long does it take Hudson to pay its suppliers? (Assume a 365-day year)

14. Bradco Supply currently has an operating cycle of 62 days. The company is analyzing some operational changes, which are expected to decrease the accounts receivable period by 2 days and increase the inventory period by 5 days. The accounts payable turnover rate is expected to increase from 24 to 28 times per year. If all of these changes are adopted, what will the company's new operating cycle be?

15. COP Communications has an inventory period of 43 days, an accounts payable period of 32 days, and an accounts receivable turnover rate of 28. What is the length of the cash cycle? (Assume a 365-day year)

16. As of the beginning of the quarter, O'Neill's Pub Supplies had a cash balance of $10,660. During the quarter, the company collected $12,500 from customers and paid suppliers $12,330. The company also paid an interest payment of $750 and an income tax payment of $1,000. In addition, the company repaid $1,525 on its long-term debt. What is O'Neill's cash balance at the end of the quarter?

17. On an average day, Plyler Enterprises writes 42 checks with an average amount of $587 per check. These checks clear the bank in an average of 2 days. What is the average amount of the disbursement float?

18. On average, your firm receives 62 checks a day from customers. These checks, on average, are worth $39.90 each and clear the bank in 2.5 days. In addition, your firm disburses 38 checks a day with an average amount of $89.50. These checks clear your bank in 2 days. What is the normal amount of collection float?

19. A firm has $16,718 in outstanding checks that have not cleared the bank. The firm also has $13,250 in deposits that have been recorded by the firm but not by the bank. The current available balance is $8,407. What is the status of the net float?

20. You have determined that your average collection time is 6.1 days. It takes your firm 4.5 days to create and mail out all the monthly statements to your customers who all pay promptly upon receipt. On average, the mail time between your firm and your customers is 2.4 days, and customer checks take an average of 1.8 days to clear the bank. How long, on average, is it taking your firm to process the payments from customers?