n y 100 The following information pertanto the Fan tory Balance 1.400 205 3.20 3:35 31 Ending inventory Balance entory in a periode inventory system, the ending UFO A $1.64 $1.655 C) $1,07 pi $1,733 7) Goods available for sale is determined by: AJ adding the cost of any beginning inventory and the cost of purchases during the period. 3) subtracting the cost of any ending inventory from the cost of any beginning inventory. C) subtracting the cost of any beginning inventory from the cost of any ending inventory. D) subtracting the cost of any beginning inventory from the cost of purchases during the period 8) When receivables are bundled and transferred to another organization that issues securities collateral by the transferred receivables, the arrangement is defined as: A) collateralization, B) discounting c) factoring D) securitization. 9) Regan, Inc. Implemented a program to improve the collection of its receivables. Over the past two the company has collected 88% of its receivables, up from 80%. A review of the company's financia statements would be expected to show A) a reduction in the percentage of the bad debt provision to receivables. B) an increase in the percentage of the bad debt provision to receivables. C) no difference in the percentage of the bad debt provision to receivables. D) None of these answer choices are correct 10) Potential conflicts of interest between shareholders and managers may be overcome if manage given incentives which cause them to behave as if they were: A) creditors. B) owners. C) debtors. D) vendors. 11) Goods available for sale needs to be allocated between A) beginning inventory and inventory purchases. B) beginning inventory and ending inventory. C) ending inventory and cost of goods sold. D) inventory purchases and cost of goods sold