Question 7: Choose the correct answer and explain why What could the jewelry company do to minimize its cash cycle? A. Pay its suppliers sooner. B. Extend credit terms to its customers. C. Speed up the jewelry-making process. D. All of the above. E. None of the above. Question 8: In the Hampton Machine Tool Company, the advanced payment from General Aircraft is $1,566,000. Which item of the cash budget statement would this advance payment affect? And how