Question 8 Not yet answered Marked out of 1.50 Flag question What are the effects on receivables turnover? [Answer increase, decrease or no effect] 1) The company adopted new credit policies last year and began offering credit to customers with weak credit histories. 2) Due to problems with an error in its old credit scoring system, the company had accumulated a substantial amount of uncollectible accounts and wrote off a large amount of its receivables. 3) To match the terms offered by its closest competitor, the company adopted new payment terms now requiring net payment within 15 days rather than 30 days, which had been its previous requirement. Question 9 Not yet answered Marked out of 1.00 Flag question A firm produced 900,000 finished tables incurring I. raw material costs of 19 million, II. direct labour conversion costs of 8 million, and III. production overhead costs of 1.2 million. It also scrapped 1,000 tables (attributable to abnormal waste) incurring IV. raw material costs of 12,000 and V. labor and overhead conversion costs of 21,000. What costs should be expensed in the period incurred (in euros)? Enter your answer below. For example, if your answer is 27,652 then enter 27652 Question 10 Not yet answered Marked out of 1.00 Flag question A firm produced 900,000 finished tables incurring I. raw material costs of 19 million, II. direct labour conversion costs of 8 million, and III. production overhead costs of 1.2 million. It also scrapped 1,000 tables (attributable to abnormal waste) incurring IV. raw material costs of 12,000 and V. labor and overhead conversion costs of 21,000. What costs should be included in inventory and expensed when the goods are sold (in millions)? Enter your answer below. For example, if your answer is 27,600,000 then enter 27.6