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QUESTION 19 Chovita Marbles purchases $1,500 in raw material each month to support sales of $2,500 that occur in the following month. In addition, Chovita

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QUESTION 19 Chovita Marbles purchases $1,500 in raw material each month to support sales of $2,500 that occur in the following month. In addition, Chovita pays wages, rent, and taxes that total $700 each month. What is Chovita's total monthly cash disbursements? a. $700 b.$4,700 c. $300 od. $1,000 e. $2,200 QUESTION 20 The current asset financing policy that calls for matching the maturities of assets with the maturities of liabilities is known as the a. self-liquidating approach. b.temporary net working capital approach. c. permanent current ratio approach. O d.conservative approach. e. aggressive approach

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