QUESTION 12 If a company starts operating in April, and pays its Accounts Payable for each month in the following month, and expenses for April are $30,000, of which 50% are paid immediately in cash, the other 50% becoming Accounts Payable, then O a. the company will pay no Accounts Payable bills in April. O b. the company will pay $30,000 of Accounts Payable in April. O c. the company will have no Accounts Payable bills to pay in May. d. BOTH b and c above are correct! O e. none of the above,QUESTION 13 If a company's earnings per share (diluted) were $1.53 last year, and the net income was $114,750,000, there were shares of the company at that time. O a. 30 million O b. 85 million O c. 75 million O d. 20 million O e. none of the above.QUESTION 14 For purposes of calculating desired revenue using the Bottom-Up approach, depreciation O a. can be ignored. O b. must be included at double the calculated amount, to give us a financial margin of safety O c. must always be larger that the previous year's amount O d. is extremely difficult to estimate. O e. none of the above