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Midterm

ADM3350N_midterm_sol.doc

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Department
Administration
Course
ADM3350
Professor
All Professors
Semester
Winter

Description
ADM 3350N Winter 2011Prof Yuri KhoroshilovMidterm examIMPORTANT Please show your work for all questions excluding multiplechoice questionsPlease keep at least 4 decimal points while performing your calculations Marks will be deducted for rough roundingThe exam consists of two parts and one bonus question and is counted out of 40 pointsNote s to GraderPlease do not doublepunish students for the mistake made in earlier parts of the question do not deduct marks if you are able to determined that later part of the question was done correctly with the only source of incorrect answer is the mistake in earlier part of the question carried out forwardPart 1 Multiplechoice questions 10 questions 1 points each 10 points total1 An increase in inventory period will lead toa A longer operating cycleb A shorter operating cyclec A longer cash cycled A shorter cash cyclee Both a and cf Both a and dg Both b and ch Both b and di None of the aboveAnswer E2 An increase in payable period will lead toa A longer operating cycleb A shorter operating cyclec A longer cash cycled A shorter cash cyclee Both a and cf Both a and dg Both b and ch Both b and di None of the aboveAnswer D3 Which ofthe following is the source of casha An increase in taxes payableb An increase in inventoryc An increase in fixed assetsd Both a and be Both a and cf Both b and cg All of the aboveh None of the aboveAnswer A
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