1) A firm has forecasted sales of $4000 in January $6000 in February and $5500 i

1) A firm has forecasted sales of $4000 in January $6000 in February and $5500 in March. All sales are on credit. 40% is collected the month of sale and the remainder the following month. How much is collected from accounts receivable in FebruaryA) $5400B) $4800C) $6000D) $30002) In the construction of the cash payments schedule the major cash payment is generallyA) the general and administrative expense.B) costs associated with inventory manufactured.C) interest and dividends.D) payments for new plant and equipment.3) Net cash flow is equal to:A) income after taxes minus depreciation.B) income after taxes minus dividends.C) cash receipts minus cash payments.D) cash receipts minus cash payments minus depreciation.4) Firms that successfully increase their rates of inventory turnover will among other thingsA) be able to reduce their borrowing needs.B) be able to reduce their dividend payments to stockholders.C) find it more difficult to be given credit by their resource suppliers.D) have a greater need for high balances in their cash accounts.