Question 33 (2 points)

The collection period measures _______.

Question 33 options:

Weekly collections

The time it takes the company to pay for the goods and services they purchase

The time it takes customers to pay for the goods and services they purchase

The number of days it takes for a business to convert its products into cash

Question 36 (2 points)

During the second year of operations, Alice's Fabric Emporium spent at total of $83,000 in cash while receiving $95,000 in cash. Which of the following statements is most correct?

Question 36 options:

The business had profits of $12,000

The business had a net cash flow of $12,000

Profits were $12,000 and net cash flow was $95,000

Cash flow from operations was $12,000

Question 38 (2 points)

The starting point for developing a cash flow projection is:

Question 38 options:

	The prior period cash flow statement
	The prior period ending cash balance and assets and liabilities from the projected balance sheet
	The prior period ending cash balance and the revenue and expenses from the projected profit and loss statement
	Change in net profits, change in margins, and change in returns