The cash cycle is longer than the operating cycle when Select one: a. Inventory period is positive b. Account receivable period is positive c. Account payable period is positive d. Receivable
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The cash cycle is longer than the operating cycle when
Select one:
a.
Inventory period is positive
b.
Account receivable period is positive
c.
Account payable period is positive
d.
Receivable cannot be collected from customers
e.
None of the above answers is correct
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- Which of the following statements is false? O A. A positive cash conversion cycle means the company is paying its payables before receiving its receivables. B. A negative cash conversion cycle means the company is collecting its receivable before paying its payables. C. The cash conversion cycle is the length of time required for the company to recieve its inventory and then receive cash from the sales of its inventory. D. All of the above statements are true.Which of the following statement is true ? Answer choices : I. Increase in collection of cash from customer will lead to decrease in days of payable outstanding . II . Increase in credit sales of the company will lead to increase in days of payable outstanding . III . Decrease in average accounts payable will cause decrease in accounts payable turnover ratio . IV . All the above statements are false .If cash is collected at the sale:A.the operating cycle will be longer than if sold on creditB.the account payable will be decreased as a result of the saleC.the operating cycle will be shorter than if sold on creditD.the account receivable will be increased a a result of the sale
- Which of the following statements is true?a. Credit sales increase receivables.b. Collections on account decreasereceivables.c. Write-offs of accounts decreasereceivables.d. All of these statements are true.All else equal, a decrease in accounts payables leads to a. An increase in the operating cycle b. A decrease in the operating cylce c. A decrease in the cash conversion cycle d. An increase in the cash conversion cycle e. An increase in operating profitsIf the balance in Cash Short and Over at the end of a period is a credit, it should be reported as "Other Income" on the income statement. Please explain with full explanation. a. True b. False
- If cash is received from a customer in the current period, but the related performance obligation is not satisfied until a future period, the related expenses of generating the revenue should not be recognized until that future period. This guideline is an application of the: Select one: O a. None of the answers are correct O b. revenue recognition principle. O c. cost constraint. O d. matching principle. e. full disclosure principle.Which of the following have high return and low Liquidity? a. demand deposit account b. saving account c. NOW account d. Checking account4. Which of the following is not a quick asset? c. Accounts Receivable d. Inventory а. Cash b. Cash Equivalents 5. It provides a rough approximation of the average time that it takes to collect receivables. c. Accounts Receivable turnover Inventory turnover b. Average age of receivables а. d. none of the above
- Which of the following is not normally decreased by a cash outflow transaction? a. Payroll Withholdings Payable b. Accrued Expense c. Deposits on Returnable Containers d. Deferred RevenuesWhich of the following statements is false regarding the different bases used for the allowance method? O A. Three bases are generally accepted, the percentage of sales, the percentage of receivables, and the direct write-off. O B. Management can choose whichever basis it prefers. o C. If management wishes to emphasize the cash realizable value of receivables it will select the percentage of receivables basis. O D. The company must determine its past experience with bad debt losses regardless of which basis it selects.The difference between accounts receivable and allowance for doubtful accounts is O a. the bad debt expense O b. the net realizable value of accounts receivable O c. the accounts receivable turnover O d. none of these choices