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hi expert please answer number 1 to 10 thank you I. Multiples Choice Questions: Identify the letter of the choice that best completes the statement

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I. Multiples Choice Questions: Identify the letter of the choice that best completes the statement or answers the question. (Write your answers on the answer sheet like these: 1.b, 2.d, 3.b, 4.c. ..., 9.a, 10.c) 1. Which of the following measures the time between receiving raw materials and collecting cash from receivables? a. operating cycle b. inventory period c. cash conversion cycle d. accounts receivable period 2. As a CFO of JNK Company, you can estimate the length of cash conversion cycles using information from the firm's and b. inventory a. income statement; receivable period controls; bank statements c. account payable; accounts receivable statement; balance sheet d. income 3. If Tony Inc. can increase sales, in general, the amount of all of following accounts will increase except for a. depreciation b. inventory c. accounts receivable d. accounts payable 4. From the following two factors, the finance manager can estimate a firm's cash inflows by a. income statement; sales forecast b. sales forecast; customer payments patterns c. sales forecast; future cash flows d. investment risk; customer payment patterns 5. Which of the following does not involve the current assets management? a. the administration of cash and marketable securities b. accounts receivable c. past due accounts d. inventories and cash equivalent 6. Many quantitative techniques can be used to prepare the budgets, but to improve the budgeting process, we should include qualitative techniques into forecasting. Which of the following is an example of a qualitative technique? a. 5 Year Trend Analysis b. Ratio Analysis c. Percent of Sales Method d. Interviewing the President of the Company 7. John, the manager of K-nine wholesale stores, would like to decrease the collection time for cash receipts. One way to do this is to: a. Accept cash payments only. b. Issue vendor payments immediately. c. Invoice customers quickly. d. Treat all customers the same. 8. Because a business does not earn interest on their funds in a checking account under current law, therefore Jenny (the owner of CC flower shop) attempts to their cash holdings a. deplete b. maximize c. minimize d. eliminate 9. All of the following statements about trade credit are false except: a. It is the credit that a trade business can obtain to operate its business. b. The credit is extended on purchases to a firm's customers. c. The purchaser sets the terms of the credit. d. The credit appears as accounts receivable on the balance sheet of the seller. 10. As a business owner, Tom needs to recognize that good inventory management involves minimizing inventory costs while also having enough inventory on hand to prevent a. merchandise becoming obsolete. b. stock outs and lost sales. c. too many shipments or reorders. d. competition from buying up all the supply. II. Goodtire is a firm with an annual cost of goods sold of $80 million, $11 million in average inventory, $4 million beginning accounts payable, $6 million ending accounts payable for the fiscal year, and a cash conversion cycle (CCC) of 75 days. Find DIO, DSO, and DPO for Goodtire (two-decimal places). Show all your works on the answer sheet. 10. As a business owner, Tom needs to recognize that good inventory management involves minimizing inventory costs while also having enough inventory on hand to prevent a. merchandise becoming obsolete. b. stock outs and lost sales. c. too many shipments or reorders. d. competition from buying up all the supply. II. Goodtire is a firm with an annual cost of goods sold of $80 million, $11 million in average inventory, $4 million beginning accounts payable, $6 million ending accounts payable for the fiscal year, and a cash conversion cycle (CCC) of 75 days. Find DIO, DSO, and DPO for Goodtire (two-decimal places). Show all your works on the answer sheet

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