i need help wirh questions 1-15

Liedte New Custo... 990 Question 1 1 pts Lennar Corp offers its customers payment terms of 4/15 EOM, net 70. Assuming 365 days in a year, calculate the implicit cost of trade credit (Do not round intermediate calculations. Round final answer to two decimal places) .O 31.12% O none of the answers is correct. 20.70% 10.56% 27.99% Question 2 1 pts Question 2 1 pts Which of the following statements is correct? Financial managers need to balance shortage costs against carrying costs to find an optimal management strategy The restrictive current asset management strategy calls for management to invest large amounts in cash, short- term investments, and inventory A flexible current asset investment strategy calls for levels of current assets kept to a minimum Operating Cycle DSO DPO. All the answers are correct. Question 3 1 pts Constellation Brands Inc A has an operating cycle of 132 days. The firm's days'sales in inventory is 37 days. How much does the firm have in receivables if it has credit sales of $400,000? Round your final answer to the nearest dollar. $125.220 O $104,110 $150.703 $45.078 none of the answers is correct, Question 4 1 pts Tractor Supply Co offers its customers payment terms of 4/10 EOM, net 60. Assuming 365 days in a year, calculate the implicit cost of trade credit (Do not round intermediate calculations. Round final answer to two decimal places). 29.41% O 34.72% 22.63% 25.53% none of the answers is correct. Question 5 1 pts The Williams Companies Inc estimates that the company takes 54 days on average to pay off its suppliers. It also knows that it has days' sales in inventory of 66 days and days sales' outstanding of 98 days. What is its cash conversion cycle? 118 days O 110 days 54 days none of the answers is correct. 62 days D 1 pts Question 6 Which of the following statements is correct? * Net working capital (NWC) refers to the difference between current assets and current liabilities. Under the maturity matching working capital funding strategy, short-term debt to finance all seasonal working capital, a portion of the permanent working capital and fixed assets. Maturity matching strategy calls for all seasonal working capital and a portion of the permanent working capital and fixed assets to be funded with short-terin debt. All the answers are correct, O A revolving openbox system allows geographically dispersed customers to send their payments to a post office box close to them Question 7 1 pts CMS Energy Corp has an operating cycle of 157 days. The firm's days' sales in inventory is 87 days How much does the firm have in receivables if it has credit sales of $600,000? Round your final answer to the nearest dollar. $126.922 $115,068 none of the answers is correct. $81,171 $195,183 Question 8 1 pts Which of the following statements is correct? All the answers are correct. Maturity matching strategy calls for all seasonal working capital and a portion of the permanent working capital and foed assets to be funded with short term debt The restrictive current asset management strategy has a high percent of current assets to sales, whereas a flexible policy has a low percent of current assets to sales Commercial paper is a promissory note issued by large financially secure firms that have credit ratives Carrying costs are mainly from illiquidity shortage of cash or a lack of marketable securities to call for cash D Question 9 1 pts Equifax Inc estimates that the company takes 58 days on average to pay off its suppliers. It also knows that it has days' sales in inventory of 58 days and days sales' outstanding of 78 days. What is its cash conversion cycle? 78 days 22 days 67 days none of the answers is correct. 26 days Question 10 1 pts Colgate-Palmolive Co offers its customers payment terms of 2/15 EOM, net 60. Assuming 365 days in a year, calculate the implicit cost of trade credit (Do not round intermediate calculations, Round final answer to two decimal places). 6.29% O none of the answers is correct 17 81% 14.07% O 8.33% Question 11 1 pts Carmax Inc estimates that the company takes 42 days on average to pay off its suppliers. It also knows that it has days' sales in inventory of 64 days and days sales outstanding of 111 days. What is its cash conversion cycle? 133 days B7 days 142 days 62 days none of the answers is correct. Question 12 1 pts O'Reilly Automotive offers its customers payment terms of 2/15 EOM, net 60. Assuming 365 days in a year, calculate the implicit cost of trade credit (Do not round intermediate calculations. Round final answer to two decimal places). 17.81% 32.51% 13.62% none of the answers is correct. 28.18% Question 13 1 pts Which ONE of the following statements is true? Operating shortage costs result from lost production and sales. All of the answers are correct. Operating shortage costs can be substantial, especially if the product markets are competitive. Financial shortage costs arise mainly from iliquidity-shortage of cash or a lack of marketable securities to sell for cash None of the answers is correct. Question 14 1 pts Le Baron Company, a men's designer firm, has an operating cycle of 123 days. The firm's days' sales in inventory is 73 days. How much does the firm have in receivables if it has credit sales of $433,450? Round to the nearest dollar None of the answers is correct $64.233 O $59.377 O $47,501 @ $71,252 Question 15 1 pts A restrictive current asset investment strategy calls for All of the answers are correct None of the answers is correct current assets kept to a minimum, tight terms of sale intended to curb credit sales and accounts receivable the firm barely investing in cash and Inventory