QUESTION 9

The cash conversion cycle refers to the:?

a.

?time it takes to collect cash following a sale.

b.

?time taken to convert all long-term assets to cash.

c.

?amount of time a product remains in inventory in various stages of completion.

d.

?length of time from the payment for the purchase of raw materials to manufacture a product until the collection of accounts receivable associated with the sale of the product.

e.

?average length of time between the purchase of raw materials and labor and the payment of cash for them.

10-What type of system allows a customer's bank to periodically transfer funds from its account to a selling firm's bank account for payment of bills??

	a.	?Lockbox agreement
	b.	Disbursement agreement?
	c.	?Concentration banking system
	d.	?Preauthorized debit system
	e.	?Zero-balance account