The average length of time between when a firm purchases its inventory and when it receives the cash back from selling its product:

a. Account Receivable cycle

b. Cash Cycle

c. Operating Cycle

d. Account Payable cycle

The time it takes before a firm's payments to its suppliers actually result in a cash outflow for the firm

a. Collection float

b. Disbursement float

c. Mail float

d. Processing float

Which are correct and why?