Which one of the following claims on a firm would be paid first in a bankruptcy liquidation if the court adheres to the absolute priority rule?

• A. Government tax claims
• B. Wages, salaries, and commissions
• C. Consumer claims
• D. Preferred stockholder dividends
• E. Contributions to employee benefit plansWhich one of the following will decrease the operating cycle?

Which one of the following will decrease the operating cycle?

• A. Paying accounts payable faster
• B. Discontinuing the discount given for early payment of an accounts receivable
• C. Decreasing the inventory turnover rate
• D. Collecting accounts receivable faster
• E. Increasing the accounts payable turnover rate