2. (TCO 2) Which one of the following actions will decrease the operating cycle?

Question

2. (TCO 2) Which one of the following actions will decrease the operating cycle? (Points : 3)
eliminating all inventory items that are slow sellers
delaying payments to suppliers
paying suppliers faster
increasing the amount of inventory on the shelves
granting customers more time to pay for their credit purchases


3. (TCO 2) Assume Green Leaf Nursery anticipated sales of $500 in the first quarter. Accounts receivable at the beginning of the year was $300. Assuming a collection period of 30 days, which is the approximate beginning balance for the second quarter? (Points : 3)
$550
$630
$250
$170
None of the above

Explanation / Answer

Ans of B> delaying payment to suppliers Ans of C> $630

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