Question
Hello, I AM RE POSTING THE SAME QUESTION BECAUSE I AM GETTING DIFFERENT ANSWER FROM DIFFERENT TUTOR... WHO SHOULD I BELIEVE? 13.Mycale's has always paid
Hello, I AM RE POSTING THE SAME QUESTION BECAUSE I AM GETTING DIFFERENT ANSWER FROM DIFFERENT TUTOR... WHO SHOULD I BELIEVE?
13.Mycale's has always paid its suppliers in 30 days. The company just hired a new financial officer who is changing the policy such that suppliers will now be paid in 45 days. This change will ______ the accounts payable period and _______ the cash cycle.
A.Increase; not affect
B.Increase; increase
C.Increase; decrease
D.Decrease; increase
E.Decrease; decrease
19.One legitimate advantage to leasing is that:
A.Leasing provides 100% financing.
B.Leasing provides a source of off-balance sheet financing.
C.By leasing, the lessee's income statement will be stronger.
D.Taxes may be reduced by leasing.
E.Unlike borrowing and purchase, leasing decreases a firm's financial leverage.
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