71. The most common cash disbursement are (a) dividend income, cash sales, and accounts payable. (b) 1 answer below »

71. The most common cash disbursement are
(a) dividend income, cash sales, and
accounts payable.
(b) cash
purchases, dividends, and interest income.
(c) cash purchases, dividends, and
accounts payable.
(d) cash
sales, rent, and accounts payable.

72. Cash disbursements may include all of the
following EXCEPT
(a) tax payments.
(b) rent
payments.
(c) depreciation expense.
(d) fixed
asset outlays.

73. One way a firm can reduce the amount of cash
it needs in any one month is to
(a) slow down the payment of
receivables.
(b) delay
the payment of wages.
(c) accrue taxes.
(d) speed
up payment of accounts payable.

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74. A projected excess cash balance for the
month may be
(a) financed with short‑term
securities.
(b) financed
with long‑term securities.
(c) invested in marketable securities.
(d) invested
in long‑term securities.

75. If a firm expects short‑term cash surpluses
it can plan
(a) long‑term investments.
(b) short‑term
borrowing.
(c) short‑term lending.
(d) leverage
decisions.

76. A
firm has actual sales in November of $1,000 and projected sales in December and
January of $3,000 and $4,000, respectively. The firm makes 10 percent of its
sales for cash, collects 40 percent of its sales one month following the sale,
and collects the balance two months following the sale. The firm’s total cash
receipts in November
(a) are $1,000.
(b) are
$100.
(c) are $700.
(d) cannot
be determined with the information provided.

77. A firm has actual sales in November of
$1,000 and projected sales in December and January of $3,000 and $4,000,
respectively. The firm makes 10 percent of its sales for cash, collects 40
percent of its sales one month following the sale, and collects the balance two
months following the sale. The firm’s total expected cash receipts in January
(a) are $700.
(b) are
$2,100.
(c) are $1,900.
(d) cannot
be determined with the information provided.

78. In April, a firm had an ending cash balance
of $35,000. In May, the firm had total cash receipts of $40,000 and total cash
disbursements of $50,000. The minimum cash balance required by the firm is
$25,000. At the end of May, the firm had
(a) an excess cash balance of $25,000.
(b) an
excess cash balance of $0.
(c) required financing of $10,000.
(d) required
financing of $25,000.

79. In October, a firm had an ending cash
balance of $35,000. In November, the firm had a net cash flow of $40,000. The
minimum cash balance required by the firm is $25,000. At the end of November,
the firm had
(a) an excess cash balance of $50,000.
(b) an
excess cash balance of $75,000.
(c) required total financing of
$15,000.
(d) required
total financing of $5,000.

80. In
the month of August, a firm had total cash receipts of $10,000, total cash
disbursements of $8,000, depreciation expense of $1,000, a minimum cash balance
of $3,000, and a beginning cash balance of $500. The ending cash balance for
August totals
(a) $1,500.
(b) $5,500.
(c) $2,500.
(d) $3,500.

 

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