Answer 1,6,7,9 (Points : 3) - 19754

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1. (TCO 2) Select any actions that increase the cash account. Select all that apply: (Points : 3)

        payment is received on a receivable

        An interest payment on a notes payable is made

        A payment due is received from a client

        An old machine is sold for cash

 

 

 

6. (TCO 2) You place an order for 100 units of inventory Part A at a unit price of $522. The supplier offers terms of 2/25, net 40. How much should you remit if you take the discount? (Points : 3)

       $52,200

       $51,156

       $51,678

       None of the above

 

 

7. (TCO 2) Auto Parts sells 1,200 electric parts per week and then reorders another 1,200 parts. If the relevant carrying cost per electric part is $4 and the fixed order cost is $750, what is the total carrying cost and the restocking cost, respectively? (Points : 3)

       $2,400 and $39,900

       $3,200 and $33,800

       $2,400 and $39,000

       $3,400 and $30,000

       None of the above

 

 

 

 

 

9. (TCO 2) The ___________ is the time that elapses between the sale of an item and the receipt of payment for that sale. (Points : 3)

       accounts receivable period

       accounts payable period

       cash cycle

       customer operating cycle

       None of the above

 

 

 

Solution Description

(TCO 2) Select any actions that increase the cash account. Select all that apply: (Points : 3)

     &n

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Answer 1,6,7,9....